TGK LLC RESOURCE BASE

Territorial Generating Company LLC is one of the leading oil and gas companies in Russia and one of the leading holder of hydrocarbon reserves and producer of hydrocarbon liquids oil and gas companies in Russia.

The company has maintained stable growth of economically recoverable hydrocarbon reserves; this success is achieved as a result of the implemented systematic work positioned at improving the efficiency of development of the company existing oil fields and the commissioning of new oil fields areas, as well as other successful implementation of the company exploration and exploitation programs with additional integration and acquisition of assets that contributed to the expansion of the company resource base.

The company is one of the Russian leading companies in terms of volumes and cost of organic growth of reserves through high efficiency of exploration.

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TGK LLC EXPLORATION PROGRAM

Territorial Generating Company LLC main priorities include the constant development of the resource potential and efficient exploitation of mineral resources while strictly complying with environmental safety standards and widely implementing state-of-the-art technologies.

Territorial Generating Company LLC named one of the leaders in terms of the volume of the resource base and the efficiency of geological exploration. The company conducted exploration in all mining regions of the Russian Federation, including the Far East, Eastern and Western Siberia, Central and Southern Russia.

With the result of the company successful geological exploration, 11 fields and 100 new deposits were acquired with total reserves of 185 mm toe. All operations carried out by Territorial Generating Company LLC under this program were executed to the high standard. The company tested and completed 79 exploration wells, with efficient drilling totaling 200 thousand meters (incl. sidetracking volumes). The company exploration drilling success calculated and amounted to 80%. The 2D seismic surveys totaled 2.5 thousand linear km (+22% years to year), while 3D seismic surveys covered 5.5 thousand sq. km (+25% years to year).

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TGK LLC OIL PRODUCTION PROGRAM

Territorial Generating Company LLC is one of the Russian leading producers of hydrocarbon liquids among public oil and gas companies. In the year 2017, production of oil, gas condensate and hydro liquids amounted to 190.0 mmt, up by 2.5% year on year. Territorial Generating Company LLC shares in oil production approximate 30% in the Russian Federation and 3% globally. The company hydrocarbon liquids production reached 5.2 mmb / d in the year 2017, up by 10.0% compared to the year 2016 and by 12.2% to the year 2015.

The company effective management of the upstream asset portfolio and investments in the development of oil fields and wells enhance Territorial Generating Company LLC to ensure a stable current and future growth in hydrocarbon production.

In the year 2017, the company commenced comprehensive and extensive testing of production, oil treatment and transportation facilities at the Russian fields and started production at the Russian far Eastern fields. Territorial Generating Company LLC is taking dynamic steps to start commercial production at new acquired large fields in Eastern and Western Siberia between 2018 and 2022.

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