IFRS FINANCIAL AND OPERATING RESULTS FOR FIRST QUARTER 2013

UPSTREAM PROJECT DEVELOPMENT UPDATE
Russian projects
IFRS FINANCIAL AND OPERATING RESULTS FOR FIRST QUARTER 2013
1Q 2013 Key events: 2013 Major goals:
Messoyakha: Acquired 400 km 2 of 3D
seismic, tested exploration wells drilled in
2012 - increased C1 reserves by 25.1
MMTonnes (total field)
Orenburg: Eastern part of Orenburg field:
Launched high-pressure compressor,
developed gas infrastructure and increased
associated gas production, expanded
horizontal drilling program. Tsarichanskoye
field: Continued pilot drilling project,
exploration drilling
Novoport: Began building CODAP and
CODAP-CPF manifold pipeline; first crude
sales; executed 4 hydrofracs
SeverEnergia: Completed 3D seismic at
Evo-Yakhinskoye and Samburgskoye
fields. New wells allowed full-scale
production at Samburskoye gas processing
facility train#2
Prirazlomnoye: Approved oil spill
response plan; prepared to open drilling
center
Dolginskoye: Contracted for support
ships and platform to drill exploration well
Chonskiy: Successful 2012-13
exploration activities
Kuyumba: Completed 2012-13 seismic
acquisition program, drilling three wells
Messoyakha: Frame development and infrastructure
concept. FEED and equipment contracting for initial oil and
gas infrastructure. Drill and test five exploration wells. Drill
and test pilot production well pad #3
Orenburg: Increase production 43% Y-o-Y. Intensify
drilling program at Tsarichanskoye, explore Filatovskaya
formation and Baleykinskoye field. Eastern part of
Orenburg oil field: expand pilot pressure maintenance
project, establish ESP / metering station; develop
infrastructure for third production zone. Complete FEED for
Tsarychanskoye field oil pipeline . Complete FEED and
equipment contracting for gas infrastructure for western
group of fields.
Novoport: Drill and test pilot production well pad #2;
frame development and external infrastructure concept.
Complete FEED and equipment contracting for initial gas
infrastructure. Complete FEED and order equipment for oil
terminal; continue building external infrastructure for pilot
production
SeverEnergia: Launch first train of Samburgskoye and
Yaro-Yakhinskoye crude oil central processing facility; start
test production at oil rims. Continue drilling and
infrastructure construction at Samburgskoye and
Yaroyakhinskoye fields
Prirazlomnoye: Drill exploration wells; prepare to
commission central processing and export facilities; adjust
field development plan
Dolginskoye: Complete drilling №3-SD exploration well
in 3Q
Chonskiy: Acquire seismic using innovative UniQ
technology
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