IFRS FINANCIAL AND OPERATING RESULTS FOR FIRST QUARTER 2013
IFRS FINANCIAL AND OPERATING RESULTS FOR FIRST QUARTER 2013
IFRS FINANCIAL AND OPERATING RESULTS FOR FIRST QUARTER 2013
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LEGACY FIELDS: EXPLORING NEW OPPORTUNITIES<br />
1Q <strong>2013</strong> Key events:<br />
Exploration: tight oil reserves<br />
Began testing Bazhenov formation at Palyanovskaya acreage of Krasnoleninskoye field<br />
Planned drilling of Palaeozoic carbonates at Archinskoye field<br />
Field Development: implementing new technologies<br />
Increased number of horizontal wells with multi-stage hydrofracs; two-fold increase in<br />
hydrofracs per well (from 3-4 to 6-8)<br />
Began test production at Yuzhno-Kinyaminskoye field<br />
Large-scale implementation of horizontal drilling technology with multi-stage hydrofracs<br />
in low-permeability reservoirs on Vyngapurovskoye and Priobskoye fields<br />
Gas: improve associated gas utilization<br />
Increased associated gas utilization: up 11% Y-o-Y up to 77% (with aid of Noyabrsk<br />
Integrated Gas Utilization project Phase I in October 2012 and gas compressor stations<br />
on Vyngapurovskoye and Vyngoyachinskoye fields launched in 1Q13)<br />
Joint project with Sibur at Priobskoye field will further increase associated gas<br />
utilization rate<br />
<strong>IFRS</strong> <strong>FINANCIAL</strong> <strong>AND</strong> <strong>OPERATING</strong> <strong>RESULTS</strong> <strong>FOR</strong> <strong>FIRST</strong> <strong>QUARTER</strong> <strong>2013</strong><br />
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