Resources.

"Rosneft-Purneftegas" has 15 licences for the development of deposits in the Purovsky district of YaNAD. It is the largest oil-extracting enterprise in the Russian North. Its reserves, according to different evaluations, vary from 194 to 921 million tons.

Apart from oil, the supposed amount of "Rosneft-Purneftegas" natural gas reserves is about 115 600 million cub.m.

The extraction is carried out only on the 20% of company's territory, the total area of which is 10 552 sq. km/ The prospecting works are carried out on the area of 33 sq. km. All the deposits of "Rosneft-Purneftegas" are at the initial stage of exploitation. This fact distinguishes "Rosneft-Purneftegas" from other oil companies of Russia and speaks well for its potential.

The quality of extracted oil is high, which makes "Rosneft-Purneftegas" competitive in any market - the average water-filling of oil is 25.4%, the sulphur content is only 0.3%.

The prospects for development.

The prospects for "Rosneft-Purneftegas" company development are connected with the exploitation of gas fields and the increasing of oil extraction output. Intensive methods of development are given priority over the extensive ones. At present the company's management examines 68 projects on the development of new and the putting into operation of temporarily closed oil and gas fields. The innovating technologies - hydraulic ripping of strata and horizontal drilling - are introduced and turn out to be very useful in the conditions of the Tiumen Region North.

By the year 2000 the development of Kharampursky gas field and the building of gas pipeline are planned. The pipeline will be constructed in cooperation with "Gasprom", having 50% share in this project. The reserves of Kharampursky field are estimated at 675 thousand million cub.m, the projected cost - $200 million.

In the nearest future the development of North-Gubkinsky field will be carried on in cooperation with Benton Oil & Gas Co. The development of South-Kharampursky field will be financed by the company itself, by local banks and the European Bank of Reconstruction and Development.

"Rosneft-Purneftegas" company worked out the complex program of production modernization, aimed at the increase of existing wells' effect and the drilling of new wells. This program includes the construction of compressor station and the gas pipeline from Kharampursky oil-and-gas fields group to the gas main Urengoi-Cheliabinsk, and also the development of Gubkinsky field.

The oil and gas extracting enterprises do not ignore the tasks of preservation and development of positive aspects in Russian traditions of natural resources use. At the same time they are aiming at the utilization of international experience in the spheres of natural resources organization, monitoring and use, as well as people's health preservation from the unfavourable changes of environment.

"Rosneft-Purneftegas" company was awarded the prize "Golden Eagle", founded by the American Business Academy. This prize is usually given for the successful activities in the sphere of environment protection. As a result of this international recognition the company received the right to take part in the program "Partnership for peace and progress".