OREANDA-NEWS. At its regular meeting the Gazprom Management Committee took notice of the major 2002-2006 implementation results of the Gas Industry’s Mineral Resource Base Development up to 2030 Program.

The Management Committee tasked Gazprom’s core business units and subsidiaries with:
Adjusting the Program with due account of the Company’s 10 year Development Program details and in accordance with the Gazprom Planning Rules embracing strategic performance indicators;
Continuing the work to obtain subsoil use licenses;
Continuing the work to improve the Gazprom mineral resource base management system.

In order to achieve the geological exploration targets set forth in the Program the Management Committee to the decision to enhance the efficiency of wells construction and drilling capacity development.

The Management Committee underscored that the Program execution during 2002-2006 had resulted in a 2,6 btce increase (128 per cent versus the plan) of reserves.

The Management Committee also examined the Company’s readiness for the upcoming annual General Shareholders Meeting.