Bashneft announces the results of international audit of the Company’s oil reserves for 2011
JSOC Bashneft has announced the results of an annual independent audit of the Company’s oil reserves conducted by Miller and Lents, Ltd. according to the international PRMS classification (Petroleum Resources Management System). According to the audit results, as of 31 December 2011, JSOC Bashneft’s proven reserves amount to 1 983.5 million barrels of oil, the replacement ratio of proven reserves is 167% and the Company …