Analyst Databook 2005 Analyst Databook

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Analyst Databook 2005 Analyst Databook ANALYST DATABOOK 2005 ANALYST DATABOOK CONTENTS LUKOIL in the World LUKOIL Today ............................................................................................................................................2 LUKOIL on the World Map ........................................................................................................................4 History of LUKOIL Group............................................................................................................................6 Operating Structure of LUKOIL Group (2004) ............................................................................................8 Oil Reserves..............................................................................................................................................10 Gas Reserves............................................................................................................................................11 Oil Production............................................................................................................................................12 Gas Production..........................................................................................................................................13 Oil Refining ..............................................................................................................................................14 Oil Exports ................................................................................................................................................15 LUKOIL in Russia LUKOIL Today ..........................................................................................................................................16 Reserves and Production ..........................................................................................................................17 Oil Refining ..............................................................................................................................................19 Export of Oil and Petroleum Products ......................................................................................................21 Exploration and Production Geological Exploration ..............................................................................................................................22 Oil Reserves..............................................................................................................................................24 Gas Reserves............................................................................................................................................26 Hydrocarbon Reserves..............................................................................................................................28 Field Development....................................................................................................................................31 Oil Production............................................................................................................................................36 Gas Production..........................................................................................................................................40 Hydrocarbon Production............................................................................................................................43 Largest Fields of LUKOIL Group ..............................................................................................................44 New Fields of LUKOIL Group ..................................................................................................................49 International Projects of LUKOIL Group....................................................................................................51 Refining and Gas Processing Oil Refining ..............................................................................................................................................62 Gas Processing ........................................................................................................................................80 Petrochemicals ........................................................................................................................................82 Marketing Transport ..................................................................................................................................................88 Oil Marketing ............................................................................................................................................90 Petroleum Product Marketing ..................................................................................................................91 Petrochemicals Marketing ........................................................................................................................93 Trade Balance of LUKOIL Subsidiaries (2004) ..........................................................................................94 Corporate Governance Company Management Structure ............................................................................................................96 Committees of the Board of Directors ....................................................................................................97 Finances Company Shares ......................................................................................................................................98 Tax Environment ....................................................................................................................................102 Macroeconomic Environment ................................................................................................................105 Consolidated Accounts ..........................................................................................................................106 Financial Ratios ......................................................................................................................................111 Reference Information ..............................................................................................................................120 1 ANALYST DATABOOK 2005 LUKOIL TODAY Hydrocarbon reserves of LUKOIL is major international private oil companies (31.12.2004), bln boe one of the world’s leading vertically integrated oil & gas companies. Main activities of the Company are exploration and production of oil & gas, production ExxonMobil 21.0 of petroleum products and petrochemicals, and marketing of these outputs. Most of the Company's exploration and production activity is located in Russia, LUKOIL 20.1 and its main resource base is in Western Siberia. Most of the Company's production is sold on the international market. LUKOIL petroleum products are BP 18.3 sold in Russia, Eastern Europe, CIS countries and the USA. Shell 11.6 Chevron 11.3 LUKOIL today is: Total 10.8 1.3% of world oil reserves 2.1% of world oil production ConocoPhillips 7.6 0.4% of world gas reserves ENI 7.1 0.2% of world gas production Repsol YPF 4.7 2.5% of world oil exports 0 8 16 24 1.4% of world oil refining capacities 1.2% of world oil refinery throughputs The largest private oil & gas company in the world by proved reserves of oil 2nd largest private oil & gas company in the world by proved Hydrocarbon production by major international private oil hydrocarbon reserves companies (2004), mln boe per day 4th largest private oil & gas company in the world by oil production Repsol YPF 1.13 6th largest private oil & gas company in the world by hydrocarbon production ConocoPhillips 1.54 ENI 1.62 LUKOIL does business in more than 30 countries worldwide. In particular, LUKOIL 1.84 the Company: Chevron 2.37 Carries out geological exploration work in 9 countries Has proved oil reserves in 5 countries Total 2.51 Has proved gas reserves in 4 countries BP 3.54 Produces oil in 3 countries Produces gas in 2 countries Shell 3.64 ExxonMobil 4.22 Has oil refineries in 4 countries Has petrochemical plants in 3 countries 0 1 2345 Markets petroleum products in 17 countries 2 LUKOIL IN THE WORLD 13th among the 100 largest private and public oil companies in the Net margin of major international world by net profit private oil companies (2004), % LUKOIL 26th among the 100 largest oil companies in the world by assets 12.6 ENI 12.5 28th among the 100 largest oil companies in the world by sales Chevron 8.8 15th among the 100 largest private oil companies in the world by capitalization ExxonMobil 8.7 Company securities are traded in 4 countries on stock exchanges and Total 7.4 the OTC market Company securities are the most liquid corporate stocks from Eastern Shell 6.9 and Central Europe traded on the London Stock Exchange ConocoPhillips 6.0 Performance of LUKOIL share price compared with the Bloomberg Oils BP 5.5 Index of major international oil companies (2004), % 150 Repsol YPF 4.7 0 5 10 15 140 130 120 110 ROACE of major international private oil companies (2004), % 100 Repsol YPF 9.4 90 jan febmarapr may junjul aug sep oct nov dec ConocoPhillips 15.4 LUKOIL Bloomberg Oils BP 16.4 Countries where LUKOIL securities are traded ENI 17.6 Russia United Kingdom LUKOIL 19.4 Germany USA Shell 19.9 Total 20.5 ExxonMobil 24.6 Chevron 25.8 0 9 18 27 3 ANALYST DATABOOK 2005 LUKOIL ON THE WORLD MAP LUKOIL IS ONE OF THE WORLD'S LARGEST VERTICALLY INTEGRATED OIL & GAS COMPANIES 4 LUKOIL
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