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The agency said the decision was based on an estimated 10percentt decline in the value of the property, declining reserve funds and operating expenses that were 11percentt higher than expected.
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Guerrilla sabotage and declining reserves are threatening output and thus government revenue.
Currently, thermal power plants are rapidly burning through the country's vast but declining reserves of low-grade coal.
Unlike traditional oil and gas supplies, which have been declining, reserves of unconventional resources are growing because of new discoveries.
Earlier this week he set out plans for a £10.6m innovation centre in Aberdeen to help maximise recovery from the declining reserves.
But it is precisely the North Sea's declining reserves that are driving the search for oil in the north.
Despite their current profitability, the majors face big trouble in three areas: rapidly declining reserves; soaring costs; and lack of access to cheap new reserves.
Crude-oil output, all of which belongs to the China National Petroleum Corporation, parent of PetroChina, is at its lowest for a quarter of a century, thanks to declining reserves.
Following a period of declining reserves, falling tin prices, and maintenance and safety issues, the district's major mine closed in 2003.
One is the opening (or reopening) of territories to exploration by companies faced with a constant demand to replace declining reserves.
Those in the industry say it's more dire, potentially permanent, caused at once by declining reserves, a cheaper influx of competing gas and looming environmental regulations.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com