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Initial recoverable oil reserves of the subsurface area


The initial recoverable oil reserves of the subsurface area - the total amount of oil reserves of all categories and accumulated production (including losses during extraction) since the start of development of a specific subsurface area, according to the data of the state balance of mineral reserves as of the corresponding date1.

  1. Tax Code of the Russian Federation, as amended on May 21, 2020, Article 333.43, paragraph 2 // Official Gazette of the Russian Federation. 2000. No. 32. Art. 3340. ↩

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