PETRONEFT RESOURCES PLC Annual General Meeting, 18 September 2015
COMPANY OVERVIEW Overview Work Programme Production Exploration Established in 2005 to Drilling recommenced in Current production Strong Reserve Base with build a diversified E&P late August 2014 2,700 bopd material P3/P4 to 2P…
TOMSK OBLAST PetroNeft Licence 61 Acquired State Auction 2004 50% ownership/operator 4,991 sq km PetroNeft Licence 67 Acquired State Auction 2010 50% ownership/operator 2,447 sq km PetroNeft Rosneft Tomskneft Gazprom…
LICENCE 61 Schedule
DEVELOPMENT SCHEDULE FORECAST Tungolskoye No. 5 Exp 1 rig Vertical pilot followed by 300 m horizontal Arbuzovskoye Pad 1 5 wells - confirmed oil to south Arbuzovskoye Pad 2 Dev 1 rig Tungolskoye Pad 1 1 vert. + 2-3 horizontal…
LICENCE 61 Infrastructure
LICENCE 61 NORTHERN INFRASTRUCTURE E-303 Emtorskaya High L-5 NV-1 L-3 212 L-7 211 L-10 L-8 L-9 Lineynoye Oil Field NV-2 Arbuzovskoye Oil L-1 Field Lineynoye Central Processing Facility L-6 L-4 A-1 Design Capacity -…
ALL MAJOR INFRASTRUCTURE IN PLACE 8
LINEYNOYE CENTRAL PROCESSING FACILITY 9
ARBUZOVSKOYE Pad 1 Drilling Complete Typical Production Drilling Rig URALMASH 3000 EUK cluster drilling rig
ARBUZOVSKOYE PAD 1 THE KIT Test Separator W.Inj. Manifold Transformers Drilling Camp Living Quarters & Canteen Well Test Water Separator Injection Manifold 11
ARBUZOVSKOYE OIL FIELD DEVELOPMENT Post OIL Farmout 2014/2015 Additional 5 wells drilled on Pad 1. All 5 wells successful. Likely owc at 2479.3 m Well 9s (A-103) strategically located to the south to maximise information gathering…
ARBUZOVSKOYE OIL FIELD DEVELOPMENT Post OIL Farmout 2014/2015 Additional 5 wells drilled on Pad 1. All 5 wells successful. Likely owc at 2479.3 m Well 9s (A-103) strategically located to the south to maximise information gathering…
TUNGOLSKOYE Development underway Typical Production Drilling Rig URALMASH 3000 EUK cluster drilling rig
TUNGOLSKOYE PIPELINE CONSTRUCTION 15
TUNGOLSKOYE DEVELOPMENT Top J1-1 Sandstone - 2015 2014/2015 programme: T-2 Q1 mobilise rig for T-5 well Drill, core and test T-5 well with horizontal segment using Baker Hughes Confirmed structural crest and viability of horizontal…
TUNGOLSKOYE 503 WELL TRAJECTORY North T-5 51-B T-1 South Projected Projected Projected T-503 planned as a 1,000 m horizontal segment in the J1-1 utilising data from T-5, T-51B and T-1 wells J11 J12 top transition zone…
TUNGOLSKOYE NO. 503 Resistivity Curves green is deep reading Non GR Drilling Rate m/hr Reservoir Bazhenov Formation Bazhenov Formation Gamma Ray 18
HORIZONTAL WELL RESULTS Tungolskoye Pad 1 (Exploration Rig without Top Drive) T-5 Pilot confirmed structure, 8.2 m net pay, 100 bopd open hole test T-5 Horizontal (J12) - 352 m, 282 m net pay estimate, Initial flow rate 600 bopd. The…
SIBKRAYEVSKOYE 1,000 km 2D seismic acquisition 2014-15
SIBKRAYEVSKOYE OIL FIELD OVERVIEW 50 million bbls plus expected on-stream 2016/2017 S-371 Three wells were drilled in prior years: Sibkrayevskoye Wells 370 and 371 drilled in early 1970s PetroNeft drilled well 372 in 2011 parallel to…
SIBKRAYEVSKOYE NO. 373 DELINEATION WELL Seismic Line 06-05 Sibkrayevskoye is very large high amplitude structure Sibkrayevskoye Sibkrayevskoye 5 km No 373 No 371 SW Line 06-05 Line 90-14 NE Cretaceous Seismic Horizon 1600…
SIBKRAYEVSKOYE STRUCTURE 2007 Structure Map 371 Line 90-01 Base Bazhenov Horizon 2007 Contour Interval = 10 m Sibkrayevskoye No. 372 (2011) Drilled parallel to well 370 (1972) Well confirmed 12.3 m of missed pay 373 372 Open…
New 2015 Depth Map Contour Interval = 10 m 371 Line 90-01 Structure Map Base Bazhenov Horizon 2015 Contour Interval = 10 m 373 372 New Seismic High Resolution 2D data in Q1 2015 370 Extends the structure to southeast to…
EMTORSKAYA Future Exploration Prospect Typical Exploration Drilling Rig URALMASH BU 3D 76
Emtorskaya High - 2012 0 1 2 3 4 5 6 km Emtorskaya 304 - Proposed Crestal high -2,315 m J11 Base Bazhenov Horizon Structure Map 65 m high to Lineynoye Crest March 2012 contour interval 10 m E-304 E-300 Emtorskaya 303 -…
Emtorskaya High - 2015 0 1 2 3 4 5 6 km Emtorskaya 304 - Proposed Crestal high -2,320 m J11 Base Bazhenov Horizon Structure Map 60 m high to Lineynoye Crest September 2015 contour interval 10 m E-304 E-300 Emtorskaya 303 -…
Emtorskaya High 2012/2015 Compare 0 1 2 3 4 5 6 km Emtorskaya 304 - Proposed Crestal high -2,320 m J11 Base Bazhenov Horizon Structure Map 60 m high to Lineynoye Crest September 2015 contour interval 10 m E-304 E-300 Emtorskaya…
EMTORSKAYA HIGH South Lineynoye Oil Field Emtorskaya High North L-6 211 212 E-303 Proposed E-304 Base Bazhenov Seismic Horizon Log reevaluation Two Way Time in Milliseconds J11 Spill Point confirms missed pay -2,422 m tvd…
Planned Seismic Acquisition 2015 00 1 2 3 44 5 60 km 1 82 3 4 5 12km 0 1 2 3 4 56 km 6 km 2012 Base Bazhenov Base Bazhenov Horizon Structure Map Horizon Structure Base Bazhenov Horizon Map Structure Map contour interval 10…
Initial Results - 2015 Seismic 00 1 2 3 44 5 60 km 1 82 3 4 5 12km 0 1 2 3 4 56 km 6 km 2015 Base Bazhenov Base Bazhenov Horizon Structure Map Horizon Structure Base Bazhenov Horizon Map Structure Map contour interval 10 contour…
LICENCE 67
LICENCE 67 - 3D SEISMIC 2014 Major Activities 2014/15 Base Bazhenov Horizon Ledovoye 3D Seismic 3D Seismic 61.68 sq km 61.68 sq km Cheremshanskoye 3D Seismic 95.16 sq km Ledovoye Acquisition primarily Q1 2014 PITC Geofizika…
INVESTMENT HIGHLIGHTS 34
INVESTMENTS HIGHLIGHTS Business and Strategy Adjust plans for low oil price environment Focus on near term production growth and cash flow Apply transformative potential of horizontal wells Prioritize inventory of projects based on…
INVESTMENT HIGHLIGHTS Production Growth Producing company with major infrastructure in place at L-61 Producing from less than 20% of our reserve base currently about 2,700 bopd Fields being brought into production Tungolskoye 20 mm…
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