Abu Dhabi has boosted its estimated conventional oil reserves by 2bn bl to take its total to 107bn bls, the emirate's Supreme Petroleum Council (SPC) announced today. This is the second consecutive reserves increase in as many years. It also added another 22bn bl of recoverable unconventional oil resources following a major onshore appraisal program by state-owned Adnoc covering 25,000 km2 in Abu Dhabi. The reserve additions were confirmed by Houston-based independent petroleum consultants Ryder Scott, according to the SPC. At 22 billion barrels, the newly discovered recoverable unconventional resource would be ... (full story)