5 April 2017, 10:18

However, the oil reserves (excluding the Azerbaijan assets) reduced 0.5% down to 1.08 Bbbl.

The cumulative oil and gas reserves amounted to 1.233 Bbbl of oil equivalent as of the year end which is 0.3% less against 2015.

Herewith, in 2016, the probable reserves of gas of PJSC “RussNeft” rose 13.8% up to 371.1 bcf, the oil reserves grew 1.4% up to 465.9 Bbbl, and the cumulative reserves increased 2.7% up to 527.75 million barrels of oil equivalent.

According to the Central Control Administration of the Fuel and Energy Complex, in 2016, PJSC “RussNeft” increased the gas production 22.3% up to 2.395 bcm becoming the leader on the production growth rate.