OREANDA-NEWS. The Board of Directors of OAO TATNEFT has been presented the information about OAO TATNEFT incremental growth of reserve base for the year 2006 and the incremental reserve growth tasks for the year 2007. The company holds 77 licensees for development of 79 fields in the Republic of Tatarstan and also in Ulyanovsk and Samara areas and the Nenetz Autonomous Okrug.

The Company received 10 licensees in 2006 including 7 licensees for prospecting and appraisal of the crude oil deposits.

In accordance with evaluation of Miller & Lents Company the proved, probable and possible reserves of crude oil amount to 1 billion 192 million tons allowing to provide for the production of crude in the area for a period of 33 years.

The incremental growth of OAO TATNEFT reserves was 1.2 times higher than the production volume during the last decade period.