Gazprom Neft has won an auction for the right to use oil resources in the Novorossiysk field

Moscow, September 14, 2006: OAO Gazprom Neft has become the winner of the auction for the right to use oil resources of the Novorossiysk field, Krasnodar Region, in order to explore, develop and produce hydrocarbons for a term of 25 years.

Gas forecast resources of the Novorossiysk field are estimated at 25 billion cubic meters in category D1.

The acreage of the field is 816, 7 km2

In May 2006 Gazprom Neft won an auction for the right to use oil resources in the Doobsk field, Krasnodar Region.