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GAZPROM EP INTERNATIONAL
Сompany profile
August 2010
2
CENTRAL AND WEST AFRICAA- Nigeria – JV with Nigerian National Petroleum
Corporation- Namibia – integrated Kudu gas project
INDIA*- Exploration works on block 26 in the Bay of Bengal- MOU with Indian National Gas Corporation:
6 blocks at the western coast and 7 blocks at the Eastern coast
VIETNAM- Agreement with PetroVietnam on offshore
area development
* Projects are implemented by other companies of Gazprom Group
Gazprom strategic objective is the transformation into a global energy company bearing a presence in key regions of oil and gas production
International upstream projects of OAO Gazprom
GREAT BRITAIN*• Wingate and Emerald• Saltfleetby
Unified Gas SupplySystem
NORTH AFRICALibya - operator of blocks №19 and №64 (exploration)
- 49% share in «Wintershall A.G.» which is the operator of oil concessions С96-97 (production)
Algeria - operator of El Assel block (exploration)
LATIN AND SOUTH AMERICA- Venezuela – Urumaco1-2*, Ayacucho-3,
Blanquilla-Tortuga, Mariscal Sucre, JV with PDVSA- Bolivia - gas projects- Brazil– cooperation with Petrobras
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Decision of OAO Gazprom BD to establish Gazprom
Netherlands B.V.
Assets consolidation in Libya C96-97
Andrey KruglovDeputy Chairman of OAO GazpromManagement Committee
Andrey Akimov Chairman of OAO GazprombankManagement Committee
Alexander MedvedevDeputy Chairman of OAO GazpromManagement Committee
Boris Ivanov Managing Director Gazprom EP International B.V.
Stakeholder’s decision to designate company’s managing directors
Renaming of the company Gazprom EP International B.V. (previously known as Gazprom
Netherlands B.V.)
Consolidation of Gazprom Libya B.V. and Gazprom Latin
America B.V.
Setting up Gazprom Oil and Gas Nigeria Ltd.
Setting up Gazprom Brazil Ltd.
May 2007 January 2008 April 2008 May 2008 July 2009November 2008
Supervisory Board Managing Director
Gazprom EP International history
Vsevolod CherepanovMember of OAO Gazprom Management Committee
Karel Bernard van PolanenManaging Director Gazprom EP International B.V.
4
Transparency and dependence on OAO Gazprom;
Project-oriented business model;
Diversification of resource base and sale markets;
Integration of production chain.
The mission of Gazprom EP International is dedicated to assisting OAO Gazprom with its transformation into a global energy company, bearing presence in world key regions of oil and gas production.
Targets
Mission
Mission, principles and tasks
Principles
Increase OAO Gazprom’s share value;
Enhance resource base and sale markets abroad;
Introduce cutting-edge technology;
Seek and attract partners for risk allocation.
5
Cooperation
JV between Gazprom Oil and Gas Nigeria and NNPC
New projects
Pipeline construction Participation in exploration and
production of hydrocarbons Associated petroleum gas gathering and
processing
New projects
Integrated Kudu gas project
Block №19
Awarded in a bid round in December 2006 Operator Gazprom Libya B.V.
Block №64
Awarded in December 2007
Operator Gazprom Libya B.V.
Concessions C96-97
Upon swap of assets with BASF OAO Gazprom acquired a 49% stake in Wintershall A.G. which is the operator of concessions
Production stage assets
Additional prospective structures (exploration)
Development prospects
Signed MOU with NOC Acquisition of new exploration stage assets and assets with proven reserves
El Assel perimeter
Awarded in a bid round in December 2008
Operator Gazprom EP International B.V.
ALGERIAALGERIA
NIGERIANIGERIA
NAMIBIANAMIBIA
LIBYALIBYA
AFRICAAFRICA. Overview of assets and prospects
6
Operating company Gazprom Algeria established
Historical seismic data obtained and reinterpreted
Work programs and budget approved (exploration)
Seismic survey and drilling bid rounds conducted
3D seismic survey commenced
March 15, 2010 – drilling of the first wildcat well Rhourde Sayah-2 started
Project description
Phase : Exploration (follow-up)
Operator : Gazprom EP International B.V.
Contract share : 49%
Contract type : concession
Partner : Sonatrach (51%)
Current status
3D seismic survey
Drilling of Rhourde Sayah-2 wildcat well
Preparation for ZERP-1 well drilling
Short-term plans
ALGERIA. El Assel Project
Awarded in a bid round in December 2008
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Участок №19
Block №19
Tripoli
Phase: ExplorationLicense area: 10 300 km2 (offshore)Contract type : PSA (EPSA-IV)Exploration program (2007-2011, in case of successful exploration works):
• 3D seismic survey – 5000 km2
• wildcat drilling
Petroleum potentialPetroleum potential associated with Cretaceous and Triassic complexesPossible accumulations of hydrocarbons in other intervals
License block was awarded in a bid round in December 2006 (3rd round PSA IV). PSA ratified in April 2007.
3D seismic survey completed Interpretation of available seismic, well data and other geological information completed Several targets identified and prepared for wildcat drilling First well drilling program under development Spud in- second half 2010
LIBYA. Block №19
Current status
Project description
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Участок №19
Phase : ExplorationLicense area: 4 000 km2 (onshore, Ghadames basin)Contract type : PSA (EPSA-IV)Exploration program (2008 – 2012, in case of successful exploration works ):
• 3D/3D SPARSE seismic survey – 5 150 km2
• wildcat drilling
Petroleum potentialPetroleum potential is associated with Silurian depositsPossible accumulations of hydrocarbons in other intervals
LIBYA. Block №64
License block was awarded in a bid round in December 2007 (fourth round PSA IV). PSA was ratified in June 2008.
3D seismic survey completed 3D seismic data processed Interpretation of available seismic, well data and other geological information completed Several targets identified and recommended for wildcat drilling First well drilling program under development Spud in – III quarter 2010
Current status
Project description
Участок №64
Участок №19Block No.64
Tripoli
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100%
49% 51%
GAZPROM LIBYEN VERWALTUNGS GMBH.
Участок №19C96
C97
Триполи
Swap of assets between OAO Gazprom and BASF
LIBYA. Concessions C96 и C97
Phase: declining production (9 fields)Remaining recoverable reserves : 7,5 bcm of gas and 167 mbbls of oil (in company stake WI)Production levels : 57- 65 mcm of gas and 2,0-2,3 mbbls/d (monthly average levels from two concessions in the first half 2010)
Long-term development plan• exploration works• field infrastructure development• gas hub establishment for neighboring blocks• elaboration of measures for production rate optimization (flooding pattern)
Stake acquired through the swap of assets with BASF Swap of assets deal completed in December 2007OAO Gazprom stake in Wintershall A.G. (operator of concessions C96-97) - 49%Wintershall A.G. Governing board was formed (3 representatives from OAO Gazprom)Currently, trilateral negotiations are underway to convert existing concessions to EPSA-IV type contracts.
Project description
10
Design and construction of associated gas gathering system Development of oil and gas fields Construction of pipeline net Construction of power generating facilities LNG, LPG production LNG – piped gas swap deals
June 2008 Opening of Gazprom Oil and Gas Nigeria branch office in Abuja.
September 2008 Signing of MOU with Nigerian National Petroleum Corporation in Moscow.
June 2009Visit of the President of the Russian Federation Dmitry Medvedev to Nigeria. Signing of constituent documents for the JV between Gazprom Oil and Gas Nigeria and NNPC. The new joint company was named NigazEnergy Company Limited.
October 2009Geodata Technical Services Ltd - JV between Gazprom Oil and Gas Nigeria and Nigerian company Geokinetic - was established. The company provides services for seismic data processing and storage.
Other affiliate companies of OAO Gazprom are planned to be attracted as subcontractors
WEST AFRICA. NIGERIA
Areas for cooperation OAO Gazprom -NNPC
Business development
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SOUTH WEST AFRICA. NAMIBIA
June 2009Visit of the President of the Russian Federation to Namibia. The MOU was signed between OAO Gazprombank and Namibian National Oil Corporation for the organization of funding to construct a gas turbine plant. The Kudu gas field is intended to serve as a raw material base for this plant.
October 2009Granting to Gazprom EP International a conventional non-binding license for 2 years to undertake a feasibility study for Kudu* project.Within 2 years license holders have the right to examine the data and conduct a scoping study. An investment decision and a license agreement shall be made and signed before October 2011. JV Gazprom-Namcor stake – 54%Other partners to project: Tullow Oil (Great Britain) – 31%, Itochu (Japan) –15%
January – April 2010Negotiations between partners to Kudu project. Negotiations with South Africa on purchase of power from Namibia.
* Integrated Kudu gas project encompasses production of natural gas from Kudu field (offshore Namibia), gas transportation to power station and power supply to Namibia and South Africa.
Business development
Integrated Kudu gas project
Kudu fieldLicense № 002
Subsea gas pipeline
Power Station
Namibia
South Africa
12
MIDDLE EASTMIDDLE EAST.. Overview of prospects
QATARQATARBusiness development
Participation in prospective exploration and gas production
projects with LNG potential
Mid-term prospective Participation in major gas field
development projects
Business development Participation in
prospective exploration projects with LNG potential
Business development July 2008Signing of MOU between OAO Gazprom and Iranian National Petroleum Corporation for the joint development of oil and gas fields
March 2009Signing of MOU between Ministry of Energy of Russia and Ministry of Oil of Iran
Prospective projects Joint development of South Pars field Participation in other prospective projects offshore and onshore Iran
IRAQIRAQ
YEMENYEMEN
IRANIRAN
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LATIN AMERICALATIN AMERICA.. Overview of assets and prospects
Ayacucho-3 Agreement on evaluation and
certification of heavy oil reserves
Gas Production Projects: Blanquilla-Tortuga, Mariscal Sucre
MOU with Venezuelan National Petroleum Corporation PDVSA
Natural gas production offshore Venezuela and LNG
Service sector
2009 – establishment of joint service company with PDVSA –
Servicios Venrus
VENEZUELAVENEZUELAEntering new market November 2008Setting up Gazprom Brazil Exploration and Production Ltd.
New projects Evaluation of prospective projects in cooperation with State Petroleum Company Petrobras and other Brazilian companies
Agreement on Examination of Blocks April 2008 Signing of agreements on examination of the Sunchal and Azero blocks
Prospective projects
Ownership in Petroandina Joint projects with Total on the Ipati and Aquio blocks
BRAZILBRAZIL
BOLIVIABOLIVIA
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In July 2008, an agreement between Gazprom Latin America and PDVSA was signed on evaluation and certification of heavy oil reserves on Ayacucho-3 block.
On November 26, 2008, Gazprom Latin America and PDVSA signed an agreement on joint examination of reserves to develop a feasibility study.
Negotiations are underway to establish a joint venture for the development of field (in-place reserves exceed 5 bln t) within the Consortium of the Russian Petroleum Companies.
Possible synergy by implementing a unified development scheme for blocks Ayacucho-3 and Ayacucho-2 (TNK-BP).
Аякучо 3
VENEZUELA. Exploration and production
On September 19, 2008, Gazprom Latin America and PDVSA signed a Memorandum of Understanding for natural gas production on offshore block Blanquilla-Tortuga with further production of LNG. Technical and economic feasibility study underway.
Ayacucho-3
Blanquilla - Tortuga
Gazprom Latin America bid for a tender for gas and LNG production offshore Venezuela. Tender award decision anticipated.
Mariscal Sucre
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In 2009, PDSA Servicios and Gazprom Latin America signeda Memorandum on founding a joint venture in oil and gasservices. The joint company was further named ServiciosVenrus.
The joint company provides services for PDVSA productionfacilities on a non-competitive basis in the following areas:
Installation and workover of compressor units
Oil pits cleaning
Drilling and wells workover
Power generation
Currently, JV Servicios Venrus runs Jusepin-120 and SantaRosa 18 projects.
Installation and workover of compressor units
Oil pits cleaning
Drilling and well workover Power generation
VENEZUELA. Service sector
Services
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On March 17 and April 23, 2008, Gazprom Latin America and Bolivian State Petroleum Company YPFB signed an agreement on examination of petroleum potential of the Sunchal and Azero blocks located in the hydrocarbon-rich Tarija region.
The results of the geological study of these blocks were presented at the Central Committee of OAO Gazprom which approved the establishment of a JV between Gazprom Latin America and YPFB to conduct exploration works and further develop the blocks. Negotiations are underway.
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Ipati Sur
Camiri
Guaruy
Tatarenda
Monteagudo
Tacobo
Ipati Sur
Camiri
Guaruy
Tatarenda
Monteagudo
Azero
Carohuaicho
Inau
Sauce Mayu
Itacaray
Huacareta
BoyuibeAGRG Norte
Tiacia
Ingre
Charagua
Aquio
Itapi Norte
Caipipendi CentroCaipipendi Oeste
Guapoy 1Inau X-1Inau X-2
Ingre X-1
Tucan X-4Tucan X-3
Cuevo X-1Cuevo X-2
Guariri 1
Guarir i 2
Aquio X-1
Camiri 050
Pincal X-1
Guairuy 03
Irenda X-1
Guairuy 23
Charagua 1
Camiri 107P
Guarir i X-2
Salinas X-1
Boyuibe X-1
Barrial X-2
Saipuru X-3
Barrial X-1
Muchiri X-1
Boyuibe X-2
Tatarenda 27
Tatarenda 26
Huacareta X-1
Incahuasi X-1
Jucumari X-1A
Pirarenda X-1
Don Bosco X-2
Itapirenda 07
Pirarenda X-2
Don Bosco X-1
Tatarenda X-03
Los Huesos X-1
La Montana X-1
Tatarenda X-27Tatarenda X-01
Lagunillas X-1
Cuevo Oeste X-2
Itapirenda X-02
Incahuasi X-1ST
Itapirenda X-01
Curuyuqui X-1001
Cumandairenda X-1
Carahuatarenda X-1
Rosario del Ingre X-1Rosario del Ingre X-1D
Alexinio Bittancourt X-1
San Juan del Piray X-1DST
B091-1 0
B090-01
CH-96-0 1
AZ05-TX
AZ-91-4
5014-21
AZ08
-TX
AZ04-TX
AZ-91-2
B090-04
B092
-24
B091-18
BR9
8-02
B091-20
B091-21
AZ02-TX
B091-12
1888-25
LP-96-31
LP -97-49
B091-14
B090-02
AZ03-TX
LP-97-4 5
B090-03
LP-97-47
LP -96 -41
CH-96-04
B091-19
B092 -23
B091-17
B091-16B091-15
LP-95-16
5072-21AZ01-TX
Tacobo
Azero
Ipati and Aquio
BOLIVIA. Business development
Agreement on examination of blocks
On September 18, 2008, OAO Gazprom –Total – YPFB signed a Memorandum of Understanding for the joint operations on the Azero block. Total, in its turn, offers a stake in the Ipati and Aquio blocks where a gas discovery is made. Negotiations are underway.
On September 18, 2008, OAO Gazprom-PDVSA-YPFB signed a Memorandum of Understandingon possible purchase of Petroandina shares by OAO Gazprom.
Projects with Total
Possible ownership in Petroandina
General gas industry development scheme
In February 2009, OOO Gazprom-VNIIGAZ, Gazprom Latin America and YPFB signed aMemorandum on developing the general gas industry development scheme for Bolivia.
17
Since 2006 Gazprom through Gazprom EP International has significantly intensified activities on expansion of its own
resource base abroad by participating in international bid rounds for exploration and production of hydrocarbons and
cooperating with national oil companies in various countries.
4 years / 14 projects5 years / 4 projects
Increase in Gazprom international upstream projects
GAZPROM EP INTERNATIONAL B.V.
Prins Hendriklaan 28, 1075BD, Amsterdam, The Netherlands
Tel.: +31 2030 50 980Fax: +31 2030 50 988
Tel.: +7 (495) 725 7727 (Moscow office)Fax: +7 (495) 725 77 47 (Moscow office)
