OREANDA-NEWS. National Rating Agency has assigned its national scale 'A' credit rating to INGA OJSC. It is the first time that the company is rated by NRA. The rating falls into the "Enterprises" section of NRA's rating list.

INGA OJSC is part of RUSPETRO Group. Ruspetro plc, the Group's flagman business, is an independent and innovative oil and gas company listed on the London Stock Exchange (LSE) and committed to scaling up its upstream operations. Its aim is to become a production leader among medium-sized independent oil & gas companies. The company applies state-of-the-art petroleum and natural gas recovery technologies, including multi-zone hydraulic fracturing and pressure-maintenance.

RUSPETRO currently has licenses for three blocks with a total area of 1,205 square kilometers in the central part of the Krasnoleninsk oil and condensate field in Khanty-Mansi Autonomous Okrug - Yugra (Western Siberia), and INGA OJSC has licenses for two of them (namely, the Pottymsko-Inginsky and East-Inginsky blocks). The production sites have the supporting infrastructure necessary for shipping oil, including the Group's Krasnoleninskaya oil depot that helps pumping oil into JSC Transneft's trunk pipelines.

Oil auditor DeGolyer & MacNaughton (D&M) put the Group's proved reserves at 258 million BOE (around 29 million tonnes of oil equivalent) as of June 30, 2014. This included 51 million BOE of proved natural gas reserves and 201 million BOE of proved oil reserves. The Group's proved and probable reserves totaled 2.0 billion BOE as of mid-2014. At June 30, 2015, the Group had 5.17 million barrels of oil and condensate proved and developed reserves. For the total Bazhenov shale prospective area, D&M estimate geology-based conditional oil and gas reserves at 3.5 million BOE.