DEVELOPING GAZPROM MINERAL RESOURCE BASE

Transcription

1 DEVELOPING GAZPROM MINERAL RESOURCE BASE Vsevolod Cherepanov Member of Management Committee, Head of Gas, Gas Condensate and Oil Production Department

2 Distribution of Explored Gas Reserves (А+В+С1 Categories) as of Gazprom s share in global gas reserves: ~ 18 % In Russian reserves: ~ 70% Retained reserves 10% Independent producers 20% 70% Gazprom s gas reserves of А+В+С1 categories amount to 33.1 trillion m 3 2

3 Free Gas Production in 2010 In 2010 Gazprom extracted billion m 3 of gas, or ~ 90 % of total gas produced in Russian Federation. Over 11 months of 2011 gas production amounted to billion m 3 Gazprom dobycha Noyabrsk Other companies Gazprom dobycha Urengoy 12.0% 15.8% 21.2% 11.0% billion m % Gazprom NOVATEK PSA operators Oil companies Other producers Gazprom dobycha Nadym Gazprom dobycha Yamburg 3

4 Characteristics of Gas Reserves in Gazprom Group by Development Difficulty As of , reserves differ by complexity of development: trillion m 3 Ensuring stable production within the existing GSS (Zapolyarnoye, Pestsovoye, Yamburgskoye, Ety- Purovskoye, Yuzhno-Russkoye, Komsomolskoye) Declining production (European part of Russian Federation, Senomanian deposits in Nadym-Pur-Taz region) 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 m 3 being developed 4

5 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 Preparing hydrocarbon depositsat Preparing hydrocarbon reserves in OAO Gazprom s license areas Gazprom s license blocks located located within the effective zone within of Unified Gas Gas Supply System the United Supply to maintain production System, to maintain production rates 5 Creating a resource base for Creating resource base for new gas new gas producing centers in production centers in regions, eastern Russia Russia s eastern to to implement Development Program enable implementation of the for integrated gas production, Program to Establish a United System forand Gassupply Production, transportation system in Transportation, in Eastern Siberiaand andsupplies Far East, East Siberia the Russian Far taking into and account potential East, Considering Possible Gas gas exports to Markets China and other Exports to the of China Asia-Pacific and Other Nations in the Asiacountries Pacific Region Program for hydrocarbon reso development on Russian Fede shelf until 2030 depo Preparing hydrocarbon Preparing hydrocarbon reser on continental shelf areas in on Russian Federation Russian Federationshe (updates to Program approve Government Directive No. dated March 3, 2011)

6 Main Areas of Geological Exploration by Gazprom in Russian Federation Kara, Barents and Pechora Seas shelf Northwestern FO Yamal Peninsula North of Taz Peninsula, Ob and Taz Bays, Nadym-Pur-Taz region, Gydan Peninsula Kamchatka shelf Russia s European North Southern FO Volga FO Urals FO (Western Siberia) Volga-Urals Astrakhan Oblast Siberian FO Far Eastern FO Republic of Sakha Krasnoyarsk Krai, Irkutsk Oblast Sakhalin Island shelf 6

7 км Main Areas of Offshore Activities in Russian Federation Пенсипельская Участок Корякия - 1 Sea of Okhotsk shelf Northeastern shelf of Barents Sea Западно- Сухановская Крутогоровская Блок Западно-Камчатский Рекомендуемая параметрическая скважина Yamal shelf Caspian Ob and Taz Bays offshore areas Pechora Sea shelf 7

8 Main Areas of Gazprom s Activities in Far Eastern Shelf of Russian Federation Vostochno-Odoptinsky Block Ayashsky Block Zapadno-Kamchatsky Block Kirinsky Block Киринский блок 8

9 Main Results of Gazprom s Exploration Activities in Russian Federation between 2010 and 2011 In 2010 Free gas reserves of АВС1 categories added through geological exploration made up: billion m 3 Over 11 months of 2011, increase in free gas reserves of АВС1 categories based on geological exploration results made up 686 billion m 3 Yuzhno-Kirinskoye gas and condensate field was discovered in Sea of Okhotsk shelf Mynginskoye gas and condensate field was discovered in Sea of Okhotsk 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 9

10 Directions and Results of Gazprom Group s Exploration Activities beyond Russia in 2010 Venezuela Bolivia Algeria Libya Uzbekistan Turkmenistan Tajikistan Kyrgyzstan Bengal Bay India Vietnam 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 10

11 Subsurface Use Licenses As of , Gazprom Group held 407 licenses NE UGS - 53 NP - 53 NR - 88 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- Pechorokozhvinskoye, Karmalinovskoye, Akobinskoye. In 2011, licenses were reissued: NE and NR carbon mining rights; NP geological survey; UGS research, building and operation of underground gas storage (UGS) facilities - for right to use subsurface resources of Kovykta gas and condensate field; - for right to use subsurface resources of Karmalinovskoye gas and condensate field; - nine licenses are pending issue 11

12 Dynamics of Reserve Audit trillion m 3 USD billion 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 12

13 Prioritized Development Targets on Russian Continental Shelf Pechora Sea shelf Prirazlomnoye oil field is located at the depth of m on the Pechora Sea shelf, 60 km from the coastline (Varandey settlement). The annual production rate is estimated at 6.5 million t. Pre-commissioning activities are in progress. Sea of Okhotsk shelf The Kirinskoye gas and condensate field is located at the depth of m, 28 km from the coastline. The annual production rate is estimated at 4.2 billion m 3. The commissioning is scheduled for

14 Conclusions 1. The Company has adopted and implements the Gas Industry Mineral Resource Base Development Program until 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 The results of geological exploration performed in confirmed the viability of key directions in hydrocarbons prospecting and the Company s mineral and resource base development. 14