DEVELOPING GAZPROM MINERAL RESOURCE BASE
Vsevolod Cherepanov Member of Management Committee, Head of Gas, Gas Condensate and Oil Production Department
MEETING OF GAZPROM’S TOP EXECUTIVES WITH CHIEF EDITORS OF RUSSIAN REGIONAL MASS MEDIA, 12.12.2011 Distribution of Explored Gas Reserves (А+В+С1 Categories) as of 01.01.2011
Gazprom’s share in global In Russian reserves: ~ 70% gas reserves: ~ 18 %
Retained reserves 10%
Independent producers 20% 70%
Gazprom’s gas reserves of А+В+С1 categories amount to 33.1 trillion m3
2 MEETING OF GAZPROM’S TOP EXECUTIVES WITH CHIEF EDITORS OF RUSSIAN REGIONAL MASS MEDIA, 12.12.2011 Free Gas Production in 2010
In 2010 Gazprom extracted 508.6 billion m3 of gas, or ~ 90 % of total gas produced in Russian Federation. Over 11 months of 2011 gas production amounted to 464.7 billion m3
Other companies Gazprom dobycha Gazprom dobycha Noyabrsk Urengoy
15.8% 12.0% 21.2%
11.0% 508.6 billion m3
40.0%
Gazprom Oil companies NOVATEK Other producers PSA operators
Gazprom dobycha Gazprom dobycha Yamburg Nadym
MEETING OF GAZPROM’S TOP EXECUTIVES WITH CHIEF EDITORS 3 OF RUSSIAN REGIONAL MASS MEDIA, 12.12.2011 Characteristics of Gas Reserves in Gazprom Group by Development Difficulty
As of 01.01.2011, reserves differ by complexity of development:
trillion m3 Ensuring stable production within the existing GSS (Zapolyarnoye, Pestsovoye, Yamburgskoye, Ety- 5.9 Purovskoye, Yuzhno-Russkoye, Komsomolskoye) •Declining production (European part of Russian Federation, Senomanian deposits in Nadym-Pur-Taz region) 6.5
•Deep and complex deposits •(incl. Neocomian, Achimov deposits of Nadym-Pur-Taz region, Eastern Siberia) 4.4
•Remote from zones with developed infrastructure •(Yamal, continental shelf) 13.9
•Hydro sulfuric 2.4
Total reserves 33.1 including 18 trillion m3 being developed MEETING OF GAZPROM’S TOP EXECUTIVES WITH CHIEF EDITORS 4 OF RUSSIAN REGIONAL MASS MEDIA, 12.12.2011 Gazprom Mineral Resource Base Development Program until 2030
In 2002 Gazprom’s Mineral Resource Base Development Program until 2030 was developed and approved by the Company’s Management Committee. It outlines main directions of the Company’s geological exploration and licensing policies. The program’s key performance targets and progress are detailed and reviewed annually. In June 2011 the Company’s Management Committee approved the updated Program until 2035.
Creating a resource base for Creatingnew resourcegas producing base centers for new in gas production centers in eastern Russia Russia’s eastern regions, to Program for hydrocarbon reso to implement Development Program PreparingPreparing hydrocarbon hydrocarbon reserves deposits at enable implementation of the development on Russian Fede in OAO Gazprom’s license areas for“Program integrated to Establish gas production, a United Gazprom’s license blocks located shelf until 2030 located within the effective zone transportationSystem for and Gas supply Production, system in Preparing hydrocarbon depo within Unified Gas Supply System Preparing hydrocarbon reser of the United Gas Supply EasternTransportation, Siberia and and Supplies Far East, in on continental shelf areas in System, to maintain production East Siberia and the Russian Far on RussianRussian Federation Federation she to maintain production taking into account potential rates East, Considering Possible Gas (updates to Program approve gas exports to China and other Exports to the Markets of China Government Directive No. Asia-Pacific and Other Nations in the Asia- dated March 3, 2011) Pacific countries Region”
MEETING OF GAZPROM’S TOP EXECUTIVES WITH CHIEF EDITORS 5 OF RUSSIAN REGIONAL MASS MEDIA, 12.12.2011 Main Areas of Geological Exploration by Gazprom in Russian Federation
Kara, Barents and Pechora Seas shelf Yamal Peninsula North of Taz Peninsula, Ob and Taz Bays, Nadym-Pur-Taz region, Gydan Peninsula Kamchatka Northwestern FO shelf
Russia’s European North Far Eastern FO Volga FO Urals FO (Western Siberia) Southern FO Volga-Urals Republic of Sakha Astrakhan Oblast Siberian FO Sakhalin Island shelf Krasnoyarsk Krai, Irkutsk Oblast
MEETING OF GAZPROM’S TOP EXECUTIVES WITH CHIEF EDITORS 6 OF RUSSIAN REGIONAL MASS MEDIA, 12.12.2011 Main Areas of Offshore Activities in Russian Federation
Участок “Корякия - 1” Sea of Okhotsk Пенсипельская shelf
Западно- Сухановская Блок “Западно-Камчатский” Northeastern shelf of Barents Sea Крутогоровская
0 25 50 75 км
Рекомендуемая парамет- рическая скважина
Yamal shelf
Ob and Taz Bays Caspian offshore areas
Pechora Sea shelf
MEETING OF GAZPROM’S TOP EXECUTIVES WITH CHIEF EDITORS 7 OF RUSSIAN REGIONAL MASS MEDIA, 12.12.2011 Main Areas of Gazprom’s Activities in Far Eastern Shelf of Russian Federation
Vostochno-Odoptinsky Block
Zapadno-Kamchatsky Block Ayashsky Block
KirinskyКиринский Block блок
MEETING OF GAZPROM’S TOP EXECUTIVES WITH CHIEF EDITORS 8 OF RUSSIAN REGIONAL MASS MEDIA, 12.12.2011 Main Results of Gazprom’s Exploration Activities in Russian Federation between 2010 and 2011
Over 11 months of 2011, In 2010 increase in free gas reserves of АВС1 categories Free gas reserves of АВС1 categories based on geological exploration added through geological exploration made up: results made up 547.7 billion m3 686 billion m3
Mynginskoye gas and condensate field Yuzhno-Kirinskoye gas and condensate was discovered in Sea of Okhotsk field was discovered in Sea of Okhotsk shelf shelf
Abakan gas field was discovered in Krasnoyarsk Krai Severo-Trassovoye oil field was discovered in Tomsk Oblast
Severo-Vakunaiskoye oil field was discovered in Irkutsk Oblast Three new deposits were discovered in existing fields
Twenty-six new deposits were discovered in existing fields
MEETING OF GAZPROM’S TOP EXECUTIVES WITH CHIEF EDITORS 9 OF RUSSIAN REGIONAL MASS MEDIA, 12.12.2011 Directions and Results of Gazprom Group’s Exploration Activities beyond Russia in 2010
Uzbekistan Turkmenistan Tajikistan Algeria Kyrgyzstan Libya Vietnam Venezuela Bengal Bay Bolivia India
Gas reserves were replenished at Dzhel field in Uzbekistan, and at fields Bao Vang and Bao Den in the offshore area of Socialist Republic of Vietnam; El Assel gas and oil field was discovered in Algeria
MEETING OF GAZPROM’S TOP EXECUTIVES WITH CHIEF EDITORS 10 OF RUSSIAN REGIONAL MASS MEDIA, 12.12.2011 Subsurface Use Licenses
As of 01.01.2011, Gazprom Group held 407 licenses
NE - 231 In 2010, licenses were issued: - for right to operate Harasavey-Sea field of federal significance; - 8 licenses upon established fact of discovered fields: Chugoryakhinskoye, Kutymskoye, Yuzhno- Kypakynskoye, Yuzhno-Lenskoye, Ninelskoye, Zapadno- NR - 88 Pechorokozhvinskoye, Karmalinovskoye, Akobinskoye.
UGS - 53 NP - 53
In 2011, licenses were reissued:
- for right to use subsurface resources of NE and NR – carbon mining rights; Kovykta gas and condensate field; NP – geological survey; UGS – research, building and operation - for right to use subsurface resources of Karmalinovskoye gas and condensate field; of underground gas storage (UGS) facilities - nine licenses are pending issue
MEETING OF GAZPROM’S TOP EXECUTIVES WITH CHIEF EDITORS 11 OF RUSSIAN REGIONAL MASS MEDIA, 12.12.2011 Dynamics of Reserve Audit
trillion m3 USD billion
60.0 269.6 300 241.4 50.0 230.3 230.1 250 208.6
40.0 160.8 33.6 200 33.1 33.1 29.8 29.8 30.6 28.1 28.2 28.0 28.9 29.1 29.2 29.9 27.7 27.8 27.9 28.4 30.0 25.2 25.3 150 23.8 21 20.8 20.8 20.8 21.2 21.9 22.5 17.7 18.7 18.5 20.0 100
92.9 10.0 78.0 50 55.2 60.7 0.0 0 31.12.01 31.12.02 31.12.03 31.12.04 31.12.05 31.12.06 31.12.07 31.12.08 31.12.09 31.12.10
Total gas reserves in Gazprom Group, (АВС1)
Audited gas reserves of АВС1 categories
Gas reserves «Proven + Probable», confirmed by auditor
Current value, USD billion*
* Current value includes value of liquid hydrocarbons, sulfur and helium MEETING OF GAZPROM’S TOP EXECUTIVES WITH CHIEF EDITORS 12 OF RUSSIAN REGIONAL MASS MEDIA, 12.12.2011 Prioritized Development Targets on Russian Continental Shelf
Pechora Sea shelf Sea of Okhotsk shelf Prirazlomnoye oil field is located at the depth The Kirinskoye gas and condensate field of 19-20 m on the Pechora Sea shelf, 60 km is located at the depth of 85–95 m, from the coastline (Varandey settlement). The 28 km from the coastline. The annual annual production rate is estimated at 6.5 production rate is estimated at 4.2 billion m3. million t. Pre-commissioning activities The commissioning is scheduled for 2012. are in progress.
MEETING OF GAZPROM’S TOP EXECUTIVES WITH CHIEF EDITORS 13 OF RUSSIAN REGIONAL MASS MEDIA, 12.12.2011 Conclusions
1. The Company has adopted and implements the Gas Industry Mineral Resource Base Development Program until 2030. The Program is readjusted annually, the results are reported to the Company’s Management Committee. On June 14, 2011 the Management Committee approved the adjusted Gas Industry Mineral Resource Base Development Program until 2035.
2. The results of geological exploration performed in 2002-2011 confirmed the viability of key directions in hydrocarbons prospecting and the Company’s mineral and resource base development.
MEETING OF GAZPROM’S TOP EXECUTIVES WITH CHIEF EDITORS 14 OF RUSSIAN REGIONAL MASS MEDIA, 12.12.2011