OREANDA-NEWS. OAO LUKOIL has completed an evaluation and independent audit of its oil and gas reserves as at January 1, 2007.
 
According to the data audited by Miller and Lents (USA), LUKOIL’s proved reserves as at January 1, 2007 are estimated at 20.36 billion barrels of oil equivalent (boe), including 15.93 billion barrels of oil and 26.60 trillion cubic feet of gas (20.33 billion boe as at January 1, 2006).

In 2006 the Company had a 4.1% growth in proved reserves taking into account production. Thus, for seven years on end the Company has completely compensated the hydrocarbons production with the reserves additions.
 
The evaluation of the reserves of OAO LUKOIL was performed in compliance with the US Society of Petroleum Engineers (SPE) and the World Petroleum Congress (WPC) requirements.