OREANDA-NEWS. OJSC Rosneft (Rosneft) announced today the results of the annual independent audit of its oil and gas reserves prepared by DeGolyer and MacNaughton.

According to the analysis prepared by DeGolyer and MacNaughton, as of December 31, 2006, Rosneft had estimated net proved reserves of 20.089 billion barrels of oil equivalent, which include 15.963 billion barrels (2.195 billion tonnes) of oil and 24.758 trillion cubic feet (701 billion cubic meters) of gas according to the SPE classification.

In 2006, proved hydrocarbon reserves grew 6.1% over 2005, with oil and gas condensate reserves increasing by 7.3% and gas reserves increasing by 1.5%.

The results of this audit confirm that Rosneft is the world’s largest oil company in terms of oil and condensate reserves under the SPE classification when compared to public companies.