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Tuesday, June 23, 2009

Surgut hits 171% reserves replacement

23 June, 2009 - Upstream OnLine - Russian producer Surgutneftegaz has replaced 171% of its oil production in 2008 by adding about 105 million tonnes (771 million barrels) of oil to its reserves. The company, which has a total of 134 exploration and production licences, did not disclose the total amount of reserves, a Reuters report said.

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