JSC Gazprom Neft increased the hydrocarbon materials stock by 39 million tons according to results 2006

JSC Gazprom Neft increased the hydrocarbon materials stock on industrial categories by 38,9 million tons of reference fuel in 2006 according to results of the exploration work, the appraisal well drilling as well as according to the additional appraisal of producing fields.

The stock volume increase was received on 57 objects and 17 fields of the company.

In 2006 JSC Gazprom Neft found 15 new hydrocarbon accumulations including 10 oil reservoirs, 3 gas condensate reservoirs, one oil and gas reservoir and one gas reservoir. The increment of oil reserves in 2006 was 35,5 million tons and exceeded the production level by 2, 8 million tons.

The increment of JSC Gazprom Neft’s hydrocarbon materials was confirmed in the expert review which was carried on by Russian federal and regional reserves committees.

Moreover, the international evaluation of Gazprom Neft’s reserves, which was fulfilled by the independent auditor Miller & Lents showed an increase of company’s proven reserves by 5,3% (621,4 million tons) according to the SPE standard and by 11,4% (514,0 million tons) according to the SEC standard in 2006 in comparison with 2005.