East-Siberian Oil and Gas Company

OJSC East-Siberian Oil and Gas Company was established in April 1994 to succeed the state companies Eniseineftegazgeologia and Eniseigeofizika. The company holds an exploration and production license to the Yurubcheno-Tokhomskoye field as well as an exploration license to the Agaleevskoye gas condensate field in East Siberia. East-Siberian Oil and Gas Company, formerly owned by Yukos, was acquired by Rosneft at an auction held in May 2007.

Rosneft plans to develop the field in several stages. In the preparatory stage production drilling will be started, necessary field infrastructure and a 600-km pipeline to Taishet (the starting point of the ESPO pipeline) will be built.

Seasonal oil production was carried out at the field in 2009 to provide for the Company’s own needs and the needs of nearby communities. Due to its complex geological structure and lack of transport infrastructure, full-scale field development requires substantial investment and is therefore subject to tax benefits.

East-Siberian Oil and Gas Company’s reserves (PRMS, DeGolyer & MacNaughton, as of December 31, 2009)

Proved hydrocarbon reserves, mln boe	220
Proved oil reserves, mln barrels	208
Proved gas reserves, bcm	1.9

Probable hydrocarbon reserves, mln boe	562
Probable oil reserves, mln barrels	546
Probable gas reserves, bcm	2.7

Possible hydrocarbon reserves, mln boe	1,113
Possible oil reserves, mln barrels	1,107
Possible gas reserves, bcm	1.0

East-Siberian Oil and Gas Company has not yet started producing commercial volumes of oil and gas.

East-Siberian Oil and Gas Company’s oil production

	2007	2008	2009
100%, thousand tonnes	39	28	46
100%, mln barrels	0.3	0.2	0.3
Rosneft’s share, thousand tonnes	13	28	46
Rosneft’s share, mln barrels	0.1	0.2	0.3

Contact Information

Full name: OJSC East-Siberian Oil and Gas Company

General Director: Oleg Saraev

Address: 36, Mira str., Krasnoyarsk, 660049

Tel: +7 (391) 252-46-01
Fax +7 (391) 252-46-60

E-mail: sekrvsnk@vsnk.ru