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PROSPECTS FOR THE OIL AND GAS PROJECTS IN THE REPUBLIC OF SAKHA (YAKUTIA) 2010

PROSPECTS FOR THE OIL AND GAS PROJECTS IN THE REPUBLIC OF SAKHA (YAKUTIA) 2010. Prospects for the oil and gas projects.

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PROSPECTS FOR THE OIL AND GAS PROJECTS IN THE REPUBLIC OF SAKHA (YAKUTIA) 2010

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  1. PROSPECTS FOR THE OIL AND GAS PROJECTS IN THE REPUBLIC OF SAKHA (YAKUTIA)2010

  2. Prospects for the oil and gas projects • The energy resources in Eastern Siberia and Far East have strategic importance for Russia. Intensive works are carried out for development of the oil and gas infrastructure in these regions • The Republic of Sakha (Yakutia) is • the largest part of those regions • The Republic of Sakha (Yakutia) with Sakhalin represent the richest region of Eastern Siberia and Far East regarding their proved oil and gas reserves The Republic of Sakha (Yakutia) Russia

  3. The Eastern oil pipeline: Eastern Siberia – Pacific Ocean • Construction of the Eastern Siberia – Pacific Ocean pipeline (ESPO) carries the following tasks: • development and operation of the East Siberian oil fields • supply of the oil to the Russian market • supply of the oil to the market of the Asia-Pacific Region • The first phase of the pipeline (ESPO-I) was launched December 28, 2009 on the route: Taishet (Irkutsk region) – Lensk (Republic of Sakha, Yakutia) – – Skovorodino (Amur region) • The oil pipeline ESPO-I represents 2694 km length with capacity of 30 mln tonn per year, 1458 km of which lie on the territory of the Republic of Sakha (Yakutia) close to the oil and gas deposits

  4. The Eastern oil pipeline: Eastern Siberia – Pacific Ocean • August 29, 2010 the Russia – China branch of the ESPO with capacity of 15 mln tonn per year was opened on the route: Skovorodino (Amur region) – Daqing (China) • Construction of the second phase of the pipeline (ESPO-II) is expected to be completed by the end of 2013, representing the route: Skovorodino (Amur region) – Pacific Ocean oil port Kozmino (Primorsky region) (today the oil in this route is delivered by rail) • The oil pipeline ESPO-II will represent 2046 km length with capacity of 80 mln tonn per year • Additional oil pumping stations being under construction, aiming increasing capacity of the ESPO pipeline. On the territory of the Republic of Sakha (Yakutia) there are five oil pumping stations to be constructed.

  5. The Eastern gas pipeline: the EasternGas Programme • In 2007, the state project Eastern Gas Programme has been approved by the Russian government • Goals of the Programme: • Creation in Eastern Siberia and the Far East, a unified system of production, transporting and supplying gas • Providing a single export channel to the markets of China and other countries of the Asia-Pacific Region • Main principles of the Programme: • Supplying gas to Russian consumers • Marketprices • Single export channel • Effective conditions for export • Gas processing, petro chemistry and production of helium

  6. The Eastern gas pipeline: the EasternGas Programme • OAO « Gazprom » – coordinator for implementation of the Programme • In 2008 OAO « Gazprom » obtained the license for exploration and development of Chayandinskoe field (the Republic of Sakha, Yakutia) - one of the largest oil and gas field in Russia. • The unique deposit will constitute the main resource base for the Oil and Gas production center in Yakutia. The putting in operation of the center is scheduled for 2016. This will ensure previous creation of the local gas infrastructure and systems for exporting of gas. • According to the Eastern Gas Program, the export gas pipeline will go through the territory of the Republic of Sakha (Yakutia) in the same corridor with the ESPO-I oil pipeline

  7. Solution «East» recommended by the Eastern Gas Programme(Source: OAO « Gazprom » 2006)

  8. Licensing of sites for oil and gas development in the Republic of Sakha (Yakutia) • The Ministry of Natural Resources of the Russian Federation realises the licensing the oil and gas sites in the Republic of Sakha (Yakutia) • The development of oil and gas resources in this region will contribute to filling the available capacities of the oil and gas export, thereby will facilitate implementation of the strategic projects of ESPO and the Eastern Gas Program • According to the preliminary planning in the Republic of Sakha (Yakutia) 54 sites of the total area 177.7 km2 are identified for licensing. 24 of those sites to date remain unallocated. • Many licensing sites are located in immediate proximity to the corridor of the ESPO oil and the Eastern gas export pipelines

  9. Core team for the oil and gas investment projects in the Republic of Sakha (Yakutia) Mr. Viktor Nikolaevich KHMARIN– Head of the team Mr. Afanasy Nikolaevich MAKSIMOV Founded airline «Ilin» and oil company «Yakol». Managed JSC «Sakhaneftegaz» as a President of corporation for 5 years. In 2002 has been elected as the most successful entrepreneur in the Republic of Sakha (Yakutia). Deputy of the National Assembly of the Republic of Sakha (Il Tumen). Mr. Iouri Mikhailovich SEMENOV PhD University of Claude Bernard (France). MBA from Warwick Business School, the University of Warwick (UK). Worked as a consultant in international projects (France, Denmark, UK, Russia).

  10. Core team for the oil and gas investment projects in the Republic of Sakha (Yakutia) The team has at its disposal: • Scientists in geology and mineralogy and experts with experience in geological work in the Republic of Sakha (Yakutia) of 25 – 40 years, participating in discovering and exploration most of the oil and gas deposits in the Republic of Sakha (Yakutia) • Managers with experience in oil and gas industry for more than 20 years in senior leading positions of major oil and gas companies

  11. Core team for the oil and gas investment projects in the Republic of Sakha (Yakutia) The team is aiming a strategic partnership in order to meet the following goals: • Acquiring through open auctions new prospective oil and gas sites for licensing subsoil usage • Exploring hydrocarbons on the acquired licensing sites through local operating oil and gas companiesin order to perform CAPITAL GAINS THROUGH SELLING PROJECT’S STAKES (short-term perspective) • Increasing shareholder value of the projects by discovering new oil and gas deposits • Selling project stakes • Developing oil and gas fields on the acquired licensing sites through local operating oil and gas companies in order to perform PRODUCTION AND SUPPLYING HYDROCARBONS (medium and long-term perspective) • Supplying oil and gas to the market of the Asia-Pacific Region

  12. Core team for the oil and gas investment projects in the Republic of Sakha (Yakutia) Forms of expected cooperation: • Creating joint-venture using new companies • Creating joint-venture using existing and operating private companies which hold licenses for development of oil and gas sites

  13. Core team for the oil and gas investment projects in the Republic of Sakha (Yakutia) Structure of possible cooperation: • The team provides: • Geological information (capitalized by many years of work) • Geological exploration and operation expertise • Licenses for oil and gas subsoil usage • Staff • Operating facilities • Strong local connections • Strategic partner provides:  • Financial resources

  14. Core team for the oil and gas investment projects in the Republic of Sakha (Yakutia) Strategic advantage of the team: • Disposal of • Geological information capitalised by many years of works (allows “easy” discovering of oil and gas deposits without investing important capital in exploration works) • Geological exploration and operating expertise (allows effective management of the capital invested for development of the oil and gas deposits) • Access to the natural resources • Strong connection with the government

  15. Core team for the oil and gas investment projects in the Republic of Sakha (Yakutia) Strategic partnership will allow: • Strategic partner go through difficult administrative and legislative barriers for taking part on oil and gas projects of federal importance in Russia • The partners set up joint activities based on mutually beneficial conditions for short, medium and long terms, increasing shareholder value of the projects With approaching the dates of exploitation of the ESPO oil pipeline and the Eastern Gas Programme gas pipeline, the market value of the actual projects will grow, increasing their stakeholders value

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