Key operating ratios
   
 
Key operating ratios - consolidated subsidiaries
03-05
2005 reserves
at 40 $/b (1) 03-05 02-04 01-03 00-02 99-01 98-00 97-99 96-98
                       
Finding costs ($/boe) (2)    
1.1
1.2
0.8
0.7
0.7
0.6
0.7
0.8
1.1
 
Reserve replacement costs ($/boe) (3)
7.8
8.5
5.4
4.3
4.0
3.4
3.5
3.7
4.4
2005 2004 2003 2002 2001 2000 1999 1998
                       
Operating costs ($/boe) 3.1 2.8 2.6 2.5 2.5 2.5 2.8 3.0
Exploration costs ($/boe) 0.7 0.6 0.5 0.6 0.7 0.7 0.8 1.0
DD&A ($/boe) 4.7 4.6 4.2 4.0 3.9 4.0 3.8 3.9
Technical costs ($/boe) (4)      
8.5
8.0
7.3
7.1
7.1
7.2
7.4
7.9
03-05 (1) 03-05 02-04 01-03 00-02 99-01 98-00 97-99 96-98
                       
Reserve replacement rate (%) (5)  
95
86
120
145
151
184
189
183
141
Key operating ratios - Group
03-05
2005 reserves
at 40 $/b (1) 03-05 02-04 01-03 00-02 99-01 98-00
Finding costs ($/boe)(2)    
0.8
0.9
0.8
0.7
   
 
Reserve replacement costs ($/boe)(3)
6.5
7.0
5.6
4.6
   
 
Reserve replacement rate (%) (5)  
105
97
106
125
130
158
166
   
2005 (1) 2005 2004 2003 2002 2001 2000 1999 1998
                       
Reserve life (years) (6)    
12.5
12.2
11.8
12.3
12.7
13.7
13.8
13.9
12.7
   
  (1) Computation based on the estimate of reserves as of December 31, 2005 calculated with a Brent price of 40 $/b.
(2) = (exploration costs + unproved property acquisition) / (revisions + extensions, discoveries).
(3) = (total costs incurred) / (revisions + extensions, discoveries + acquisitions), excludes the Sincor upgrader.
(4) = (production costs + exploration expenses + DD&A (excluding FAS 144)) / production of the year.
(5) = (revisions + extensions, discoveries + acquisitions – sales of reserves) / production for the period.
(6) = reserves at year-end / production for the year.
   
   
  Liquids and gas production
(kboe/d)