BP reserves replacement ratio excluding TNK-BP just 6% for 2012.

FT: “BP only replaced 6 per cent of its 2012 oil production, excluding its Russian joint venture TNK-BP.” “BP said that at a group level, its reserves replacement ratio was 77 per cent – a figure the oil major described as “abnormally low”. BP said it has averaged above 100 per cent over the past 20 years. But in its core upstream segment, which excludes TNK-BP, the result was even lower – just 6 per cent.