The value of Rosneft’s proven reserves is $168 billion

The independent international reserves auditor DeGolyer & MacNaughton has revised in direction of enlargement the value of Rosneft’s proven reserves. Under SEC, by December 31st, 2013, the current value of  Rosneft’s proven reserves was $168 billion, up by 8% more than a year ago.The growth in their value  is provided mostly by organic growth. It’s especially necessary to emphasize gthe rowth at the expense of reserves re-valuation with considerable volume of hard to-extract reserves.

For example, the value of the reserves of RN-Nyagan and some deposits of Varyeganneftegaz increased by 20% because of the realization of hi-tech programs for horizontal wells drilling with further execution of multi-stage layer hydraulic fracturing increased by 20%.