Tatneft Exits 2009 with 16 Discovered Fields

Tatneft has discovered sixteen fields in 2009, including ten fields in the Republic of Tatarstan; three fields in the Samara District; two fields in the Orenburg District; and one deposit discovered abroad in Syria.

Increase of A + B + C1 + C2 categories recoverable reserves of crude oil and condensate for the Tatneft Group of companies amounted to more than 62.7 million tons with more than 44.5 million tons located within the territory of Tatarstan.

Consistent implementation of geological exploration works provides for Tatneft's steady increase in the recoverable reserves in amounts that compensate current oil production. According to Miller and Lents independent international consulting company the proved developed, undeveloped and undrilled reserves of Tatneft exceed 878 million tons of crude oil as of the beginning in 2009.