Oil reserves

Alliance Oil Company produces crude oil in three Russian regions (the Tomsk, the Timano-Pechora and the Volga-Urals region) and in Kazakhstan. As of December 31, 2009, Alliance Oil Company Ltd's proven, probable and possible oil reserves (3P reserves) amounted to 757 million barrels, according to DeGolyer and MacNaughton's PRMS estimates. The proven and probable (2P reserves) oil reserves amounted to 526 million barrels.  In addition, the company has identified significant resource potential in several fields which has not yet been fully evaluated.

The Timano-Pechora region account for 58 per cent of total 2P PRMS reserves. The Tomsk region account for 12 per cent of 2P PRMS reserves. 28 per cent of total 2P reserves are located in the Volga-Urals region. 3 per cent of total 2P reserves are located in Kazakhstan.