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Our Cooperation Our Cooperation in East Siberiain East Siberia

Hideki TANAMURAHideki TANAMURADeputy DirectorDeputy Director

East Siberia Project TeamEast Siberia Project TeamJOGMECJOGMEC

What’s JOGMEC : Oil and Gas E&P Promotion Regime

100% capital

Japanese Japanese Private SectorsPrivate Sectors

JOGMECJOGMEC

Japanese Japanese GovernmentGovernment

Oil & Gas Producing CountriesOil & Gas Producing Countries

•Collaborations in E&P Tech. R&D•Stockpiling•Education & Training

•Financial Support•Intelligence Services•Technical Support

•Support•Advice

Investment

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JOGMEC Function

executive agency pursuing a policy on executive agency pursuing a policy on ensuring stable supplies of oil and ensuring stable supplies of oil and natural natural gas to Japangas to Japan

Investment Investment environmental environmental

evaluationevaluation

Strengthening of Strengthening of collaboration with collaboration with

producing countriesproducing countries

Over 300 projectsOver 300 projects

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Geological Geological potential potential

evaluationevaluation

Specialists Specialists trainingtraining

Technical Technical supportsupport

Support to Support to Japanese Japanese

companiescompanies

Overseas projects Overseas projects developmentdevelopment

Financial and Financial and technical supporttechnical support

SakhalinSakhalin--11：：

SODECOSODECO: 30%: 30%

: Equity Provision : Equity Provision ------1199: Liabilities Guarantee : Liabilities Guarantee ------1515: JOGMEC : JOGMEC OverseasOverseas Offices Offices ------ 1212: JOGMEC Geological Survey in Russia: JOGMEC Geological Survey in Russia

19951995-- : Irkutsk Oblast : Irkutsk Oblast 19961996-- : : SakhaSakha RepublicRepublic19961996-- : Orenburg: Orenburg

OblastOblast

G&G SurveyG&G SurveyG&G SurveysG&G Surveys

Financial SupportFinancial Support

What’s JOGMEC : Financial Support, Equity Provision & Loan Guarantee

G&G SurveyG&G Survey

East Siberia:East Siberia:

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4JOGMEC activity in Russia

Activity on SakhalinActivity on Sakhalin1975 1975 –– Launch of Sakhalin shelf development projectLaunch of Sakhalin shelf development projectjointly with Russiajointly with Russia••Discovery of Discovery of ChaivoChaivo and and OdoptuOdoptu fieldsfields••Advancement in the form ofAdvancement in the form of ««SakhalinSakhalin--11»» projectproject

Participation of Japanese companies in Participation of Japanese companies in upstream projects in Russiaupstream projects in Russia

Geological & Geophysical Survey in Russia

Joint Geological and Geophysical Survey Works Joint Geological and Geophysical Survey Works (re(re--processing and reprocessing and re--interpretation of old seismic interpretation of old seismic data, geological and geophysical evaluation etc.)data, geological and geophysical evaluation etc.)

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19961996--1999 1999 Orenburg OblastOrenburg Oblast19951995--19991999SakhaSakha RepublicRepublic19961996--20022002Irkutsk Oblast Irkutsk Oblast

TermTermRegionRegion

In addition, we conducted various technical surveys and In addition, we conducted various technical surveys and research works in Russia since the 1990s.research works in Russia since the 1990s.

6Movement in East Siberia - 1

JanuaryJanuary 2003 : 2003 : Then President Putin and Then Prime Then President Putin and Then Prime Minister Koizumi adopted a joint RussianMinister Koizumi adopted a joint Russian--Japanese Plan of Japanese Plan of action inaction in energy issuesenergy issues

TaishetTaishetUstUst--KutKutBratskBratsk

MarkovoMarkovoVitimVitim

OlekminskOlekminsk

SeveroSevero--BaikalskBaikalsk

TaksimoTaksimo

CharaChara AldinAldin

TyndaTynda

IrkutskIrkutsk

KrasnoyaKrasnoyarskrsk

ChitaChita

ZabaikarsZabaikarskk

NakhodkaNakhodka（（KozminoKozmino））

VladivostokVladivostok

KomsomoKomsomolsklsk--nana--AmureAmure

YuzhnoYuzhno--SakhalinsSakhalins

kkKKorsakovorsakov

UlaanbaatUlaanbaatarar

UlanUlan--UdeUde

HarbinHarbin

KyumbiKyumbinnYurbchenYurbchen--

TakhomoTakhomoYaraktYaraktaa

TalakTalakanan

VerkhnecVerkhnechonhon

ChayandiChayandinn

KovyktKovyktaa

DaqingDaqing（大慶）（大慶）

DekastriDekastri

OkhaOkhaSkovorodinoSkovorodino

NaushikiNaushiki

KhabarokhskKhabarokhsk

Movement in East Siberia - 2

ESPOESPO--PL ConstructionPL Construction

Paving a new way for energy resources supplyPaving a new way for energy resources supply

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Movement in East Siberia - 3

Results of the number of Auctions:

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Tax Incentives:Tax Holidays on Mineral Extracting Tax from January 2007

4040142142200720072424176176200620061212727220052005

East SiberiaAll RussiaYear

About Irkutsk Oil Company - INK

• Established in 2000• 11 licenses ( 3 production, 8 exploration) near the route

of ESPO• 40,000 B/D in 2012• 850 Employees• EBRD’s equity participation in 2008

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10Joint Venture in East Siberia

JV with INK & JOGMECJV with INK & JOGMEC-- Block: Block: ““SeveroSevero--MogdinskyMogdinsky””-- 25 years license25 years licenseObligations in 5 years, Obligations in 5 years, >2D seismic more than 1000 km>2D seismic more than 1000 km>4 wildcats>4 wildcats

SeveroSevero--MogdinskyMogdinsky

Current Activity in Current Activity in SeveroSevero--MogdinskyMogdinsky BlockBlock-- Reprocessing and Reinterpretation of seismic data - Procuring a drilling rig- Drilling the 1st wildcat in 2009

11JOGMEC Future activity

Starting with the project with INK, JOGMEC making Starting with the project with INK, JOGMEC making effective use of its skills andeffective use of its skills and technologies aims at technologies aims at

establishing close partner relations in Russiaestablishing close partner relations in Russia

Thank youThank you for your kind attentionfor your kind attentiontanamuratanamura--hideki@jogmec.go.jphideki@jogmec.go.jp