By 2012, the total reserves had increased to $9,347,885 with $6,095,546 in its unreserved-undesignated account.

This money adds to the total reserves of the commercial bank sector.

The theoretical total reserves are estimated to be about 300 billion tonnes.

Traditionally, Elf has been very conservative in measuring its total reserves.

Its total reserve for credit losses is now $700 million, the bank said.

It has a total approximate reserve of 1,289,600 metric tons.

Estimates place the total reserves as high as 10 billion tons.

Still, Colombia remains a minor oil player, with less than 1 percent of the world's total proven reserves.

The new field, whose total reserves are estimated at 282 billion cubic feet of gas, is due to begin production in 2001.

It brings the total reserve for future bad loans to $2.3 billion.