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.
 
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.

According to an independent appraisal as at December 31, 2006, the current value of Gazprom’s proven and probable hydrocarbon reserves increased USD 43,9 billion on 2005 to USD 182,5 billion.