RusPetro plc is an independent oil and gas producer conducting oil exploration and production activities in the central portion of the large Krasnoleninsk field in Western Siberia. The Company owns three production licences covering a contiguous area of approximately 1,205 square kilometers. As of 31 August 2011, the Company had proven reserves of 157 million barrels of oil and probable reserves of 1,279 million barrels of oil. As of January 2012, it was producing approximately 4500 barrels of oil per day. It operates under three exploration and production licences for the Pottymsko-Inginsky, Vostochno-Inginsky and Palyanovsky licences located in the Khanty-Mansyisk autonomous region of the Western Siberia basin. The licences are held by two subsidiaries of the Company, OJSC Trans-oil and OJSC INGA.