The Company’s vast oil reserves and its resource base are situated in Russia’s three key oil-producing regions: the Volga-Urals province, Timan-Pechora and Western Siberia. The Company takes active steps to build up its resources, boost production at Vladimir Oblast and develop new oil-producing regions in the Nenets Autonomous District and the Khanty-Mansi Autonomous District.
As of December 31, 2014, the Company’s total audited reserves (including probable and possible reserves) amounted to 3 644,6 million barrels
As of December 31, 2014, proved oil reserves in accordance with PRMS classification were estimated by Miller & Lents at 2 145,6 million barrels. In 2014 the reserve replacement ratio amounted to 160%
As of December 31, 2014, the Group had 194 fields, including 175 fields in the commercial operation. In 2014 Gasdrogen ranked sixth among Russia’s oil-producing companies, its oil production totaled at 17 million tonnes per year. The Company maintains the strongest production growth among VICs since 2012 (between 2012 and 2014, production added more than 40%)