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MinMinas Acosta wants reserve index to get to 10 years in 5 years

Thursday, July 31st, 2014 Category: Regulations & Policy
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MinMinas Acosta wants reserve index to get to 10 years in 5 years

National Hydrocarbons Agency head, Javier Betancourt has been telling audiences that MinMinas Amylkar Acosta wants the ratio of crude oil reserves to production (R/P) to be 10 years and he wants it done within five years. A bold goal that we think will require some important changes.

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