Production
Total production reached 42.4 Mboe in 2007 as compared to 45.2 Mboe4 in 2006. On a comparable basis, total production shrank slightly, down 3%.
The increase in production witnessed in the last quarter of 2007, with the commissioning of new fields in Norway, the United Kingdom and the Netherlands, will have a full impact in 2008, with production levels near 50 million boe, compared to 42.4 million boe in 2007.
Reserves
As at 31 December 2007, proven and probable reserves (2P) amounted to 667 million boe, compared to 685 million boe in 2006. This figure includes 24 million boe in discoveries, extensions, net acquisitions and revisions in reserves made in 2007, but does not, however, account for the reserves at Touat (Algeria) which are expected to be included in 2008.