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Oil & Gas

Our

Reserves and resources

In 2018, the Company developed in accordance with its strategic goals and maintained its leading position in terms of proved hydrocarbon reserves among the world's public oil companies. As of December 31, 2018, TOO 'URALNEFTEGAZ' 's proved hydrocarbon reserves under the SEC classification amounted to 41,431 million barrels of oil equivalent (5,597 million tons)*. Hydrocarbon reserves increased by 1,524 mln tons compared to the end of 2017 (202 million tons) or 4%. The audit was conducted which provides for the assessment of reserves by the end of the period of profitable field development.