Rosneft Oil Company has won auctions for the Mezeninskoye, Severo-Dzhangodskoye, and Yangodskoye licence blocks located in the Dolgano-Nenets municipal district of Krasnoyarsk Territory. Rosneft succeeded in placing the best bid at the auctions due to the Company’s top capacity for synergies and the most efficient block development plan.

Rosneft is estimating the resource base of these blocks at 177 million tonnes of oil and 448 bcm of gas. The estimate is based on the results of geological exploration works conducted by the Company in the region, including those at contiguous licence blocks.

The overall area of the blocks won comes to 6,400 square kilometres.

About Rosneft

Rosneft is the leader of Russia’s petroleum industry and the world’s largest publicly traded petroleum company. Company’s main activities include prospecting and exploration of hydrocarbon deposits, oil, gas and gas-condensate production, upstream offshore projects, processing, as well as oil, gas, and product marketing in Russia and abroad. The Company is included in the list of strategic companies and organizations of Russia. Company’s largest shareholder (69.50% of the equity) is ROSNEFTEGAZ OJSC, fully owned by the Russian Government, while BP holds 19.75% of shares, one share belongs to the state represented by Federal Agency for State Property Management, whereas the remaining shares are free floating.