KEY PER<strong>FOR</strong>MANCE INDICATORSOF THE COMPANY IN 2009 BY TYPEOF OPERATIONEnergy for life<strong>ENERGY</strong> <strong>FOR</strong> <strong>PEOPLE</strong>HYDROCARBON PRODUCTION<strong>Gazprom</strong> <strong>Neft</strong> is engaged in oil and gasexploration and production primarilyin the fields located in the Yamal-Nenets and Khanty-Mansi AutonomousDistricts, Omsk, Tomsk and IrkutskRegions.The Company’s oil production iscarried out predominantly by threeof its subsidiary operators: O<strong>JSC</strong><strong>Gazprom</strong> <strong>Neft</strong>-Noyabrskneftegaz,O<strong>JSC</strong> <strong>Gazprom</strong> <strong>Neft</strong>-Khantos, and<strong>Gazprom</strong> <strong>Neft</strong> — Vostok LLC. In 2007the Company set up two new operators:<strong>Gazprom</strong> <strong>Neft</strong>-Yamal LLC engaged inthe exploration and development of<strong>JSC</strong> <strong>Gazprom</strong>’s oil fields and <strong>Gazprom</strong><strong>Neft</strong>-Angara LLC engaged in theexploration and development of theCompany’s new oil deposits in EasternSiberia.The largest hydrocarbon reserves in theYamal-Nenets Autonomous District arefound in: Sugmutskoye, Sutorminskoye,Vyngapurovskoye, Sporyshevskoyeand Muravlenkovskoye fields. In 2009these fields accounted for 39.2% oftotal oil production by the Company.Production in these fields is carried outby oil and gas producing enterprises:O<strong>JSC</strong> <strong>Gazprom</strong> <strong>Neft</strong>-Noyabrskneftegaz,its subsidiary Zapolyarneft LLCholding a license for the developmentof Vyngapurovskoye, Yarainerskoyeand Novogodneye deposits, anda Muravlenkovsky branch of O<strong>JSC</strong><strong>Gazprom</strong> <strong>Neft</strong>-Noyabrskneftegaz.In the Khanty-Mansi AutonomousDistrict the most prospective depositof <strong>JSC</strong> <strong>Gazprom</strong> <strong>Neft</strong> is the Priobskoyefield, a development license for whichis held by a subsidiary of the Company,Sibneft-Yugra LLC, with <strong>Gazprom</strong> <strong>Neft</strong>-Khantos LLC acting as the operator.Located in the same region is thenortheastern part of the PalyanovskayaArea of Krasnoleninskoye field anda group of license plots acquired by theCompany in early 2005 (Salymsky-2,Salymsky-3, Salymsky-5) and theZimneye field in the Tyumen Region.In 2008 <strong>Gazprom</strong> <strong>Neft</strong>-Khantos wonthe bidding for a part of the Zimneyefield located in the Khanty-MansiAutonomous District.The Priobskoye field is one of thelargest and most promising oil depositsof the Company and is the leader interms of rate of production growth.Active development of this fieldbegan in 2004 and as early as 2008it already accounted for 23% of totaloil produced by the Company, and in2009 it accounted for 27.3% of totaloil produced by the Company. ThePriobskoye field is therefore a key assetwhich is strategically important for theCompany’s future development.Production at PriobskoyeField, mln tons10987654321SOURCE:COMPANYDATA2005 2006 2007 2008 2009 2010(forecast)A regional group of fields in the Omskand Tomsk Regions will becomea second “new” center. <strong>Gazprom</strong> <strong>Neft</strong>-Vostok is the oil production operatorof the Krapivinskoye field located inthe Omsk Region, and of Archinskoye,Shinginskoye, and Urmanskoye fields inthe Tomsk Region. All these fields arebuilding up a new production centeradding up to the annual growth of oilproduction.Own production by <strong>JSC</strong> <strong>Gazprom</strong> <strong>Neft</strong>in 2009 was 32 441 th. TOE, which is122 th. TOE more than in 2008 (+0.4%).It is explained by the acquisition of NISand Sibir Energy (O<strong>JSC</strong> Magma).The main achievement of 2009 isprobably that the Company managedto find additional oil recovery reservesat existing assets with decreasingproduction. In the second half of2009 due to active developmentof the Priobskoye field, renovationand restructuring of <strong>Gazprom</strong> <strong>Neft</strong>-Noyabrskneftegaz the daily productionof <strong>Gazprom</strong> <strong>Neft</strong> started to increase withthe figures for August showing a 2.5%growth compared on January. On thewhole judging by year-end results, onecan see that total production exceededthe business plan by more than 1 mlntons.In addition to its own production<strong>Gazprom</strong> <strong>Neft</strong> holds shares inproduction of O<strong>JSC</strong> Slavneft, O<strong>JSC</strong>Tomskneft and Salym PetroleumDevelopment (SPD), and therefore<strong>Gazprom</strong> <strong>Neft</strong> consolidates theirproduction output on a pro rata basis ofthe equity participation.O<strong>JSC</strong> Tomskneft that is managed by<strong>Gazprom</strong> <strong>Neft</strong> and Rosneft on a paritybasis holds licenses for developmentof fields in the Tomsk Region andKhanty-Mansi Autonomous District.Another joint venture of <strong>Gazprom</strong> <strong>Neft</strong>and TNK BP, O<strong>JSC</strong> Slavneft, developsreserves in the Urals Federal Districtand conducts exploration in the SiberianFederal District.The share in oil production by O<strong>JSC</strong>Slavneft and O<strong>JSC</strong> Tomskneft in 2009decreased by 4% and amounted to15 750 th. TOE, out of those: O<strong>JSC</strong>Slavneft — 9 748.0 th. TOE and O<strong>JSC</strong>Tomskneft — 6 002 th. TOE.As a result of acquiring Sibir Energyin 2009, the Company at the sametime obtained 50.0% of the asset ofSalym Petroleum Development, a jointventure of Sibir Energy and Royal DutchShell. In 2009 <strong>Gazprom</strong> <strong>Neft</strong>’s sharein the production of Salym PetroleumDevelopment amounted to 1 984 th.TOE.The total production of <strong>Gazprom</strong> <strong>Neft</strong> in2009 went up by 3.0% and amountedto 50 174 th. TOE. As a result of theCompany’s development strategy theamounts of oil production grew due tothe purchase of new assets, NIS andSibir Energy., The total additions to theCompany’s production caused by this42
<strong>JSC</strong> GAZPROM NEFTANNUAL REPORT2009newly acquired assets amounted to 3.0mln TOE.In 2009 <strong>Gazprom</strong> <strong>Neft</strong> retained itspositions as one of the leaders of thesector among Russia’s oil companiesin terms of the amount of oil and gasproduction.In 2009 some 656 new developmentwells of <strong>Gazprom</strong> <strong>Neft</strong> were put onproduction (not taking into accountthe equity investees), which is 45wells more than in 2008. This increasewas possible due to an expansionof the development drilling programand secondly as a result of increasedcommercial drilling speed and averagemetreage drilled per crew. Specificallythe meters drilled reached 2 158.1 th.m, which is 125 th. m. more than in2008. By the end of 2009 the numberof operating oil wells of the Company(excluding equity investees) had risenby 205 wells to a total of 5 729 wells.In 2010, as per the preliminaryconservative plans, <strong>Gazprom</strong> <strong>Neft</strong>intends to raise hydrocarbon productionon the territory of Russia by 2.2% more:up to 51.3 mln TOE.HYDROCARBONS Productionin 2007-2009, mln TOEPRODUCTION Well STOCKPRODUCTION Drilling,th. m.SOURCE:COMPANYDATASOURCE:COMPANYDATASOURCE:COMPANYDATA60504030201002007 2008 2009140001200010000800060004000200002007 2008 2009400035003000250020001500100050002007 2008 2009Sibir EnergyTomskneftSlavneft<strong>Gazprom</strong> <strong>Neft</strong><strong>Gazprom</strong> <strong>Neft</strong>MagmaNISSlavneftTomskneftSPD<strong>Gazprom</strong> <strong>Neft</strong>MagmaNISSlavneftTomskneftSPD43
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