ENERGY FOR PEOPLE - JSC Gazprom Neft

17GLOSSARY OF KEYTERMS AND DEFINITIONSEnergy for lifeENERGY FOR PEOPLEGLOSSARY OF KEYTERMS AND DEFINITIONSADR of JSCGazprom NeftAn American depository receipt (anAmerican depository share) issuedfor JSC Gazprom Neft shares. It isequivalent to four common shares ofJSC Gazprom Neft.FSFilling StationAPRAsia-Pacific Region. It includescountries located in the continental partof Asia and America and the PacificOcean area.BOEBarrel of oil equivalentVIOCVertically-integrated oil companyGCRGas- and / or condensate refineryEWExploration workGazprom NeftGroup, Group,Gazprom NeftJSC Gazprom Neft (parent) and itssubsidiaries taken as a whole.GTOGeotechnical operationsNon-CISForeign countries, other than CIS andBaltic StatesSASubsidiaries and associatesDollars, USDUS dollarsDNEMDifferentially-normalized electricalmeasurementsEUEuropean UnionEBITDAEarnings before interest, taxes,depreciation and amortizationAssociateA company in which Gazprom NeftGroup holds more than 20% of votingshares (if a joint stock company) or 20%of the authorized capital (if a limitedliability company).АВС1 HydrocarbonReservesExplored reserves by Russianclassification standards. They representthe part of geological reserves,extrac¬tion of which, as of the dateof estimation, is cost-effective, takinginto account the market conditionsand rational use of modern equipmentand technologies, and subject tocompliance with the subsoil andenvironmental protection requirements.Explored gas reserves (categoriesABC1) are deemed fully recoverable.For oil and gas condensate reservesa special extraction factor is used,calculated on the basis of geotechnicalfactors.С1+С2 HydrocarbonReservesC1 category - oil or gas reservesestablished to be present in specificwells, with favorable production andgeological data also available for otherwells. C2 category – oil or gas reserveexpected to be present within certainknown gas-bearing areas on the basisof geological and geophysical data.C2 reserves are treated as preliminaryestimates and serve as the basis fororganizing exploration at a specific field.CSCompressor stationm 3Cubic meter of natural gas as measuredat a pressure of one atmosphere and20°CPRMS and SECInternationalStandardsInternational classification andestimation of hydrocarbon reservesby PRMS (Petroleum ReservesManagement System) and SEC(Securities and Exchange Commission)standards. The standards not only154