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Oil Translation Document dated 03.01.2007

Original Text
• Эксплуатационное бурение ведется первые 10 лет, для чего потребуется ежегодно бурить до 5 эксплуатационных скважин. Всего за первые 10 лет разработки месторождения потребуется построить 45 эксплуатационных скважин;

• Годовая добыча конденсата – 4 175 тыс. тонн (в период постоянной добычи – 10 лет);

• За 25 лет будет добыто 234,1 млрд. куб. м газа и 78,7 млн. тонн конденсата;

• Отбор газа за рассматриваемый период разработки составит 18,7% от НИЗ, конденсата – 18,0%;

• В расчетах уровней добычи был принят средний дебит скважин на уровне 950 тыс. куб.м/сутки при рабочих депрессиях 10-13 МПа;

• Вариант разработки основан на режиме истощения с использованием наклонно-направленных скважин. Технология бурения и разработки с использованием таких систем в России достаточно хорошо отработана;

• В расчетах и обоснованиях уровней добычи использовался опыт разработки основной части YYY газоконденсатного месторождения.
Translation
• Production drilling is to be carried out for the first 10 years, which is going to necessitate annual drilling of up to 5 production wells. The total number of production wells to be built during the first 10 years of development will make up 45;

• Annual condensate production – 4,175 ths tn (during the constant recovery period – 10 years);

• Total production for 25 years will make up 234.1 bln cu.m of gas and 78.7 mln tn of condensate;

• Gas extraction for the period under review is going to make up 18.7% of the in initial recoverable reserves, condensate extraction – 18,0%;

• When calculating the production capacity the average well yield of 950 ths cu. m/day with pressure drawdowns during operation making up 10 – 13 MPa;

• The development option is based upon reserve depletion with the application of directional wells. Drilling and development technologies with the application of the above systems are quite well developed in Russia;

• Calculations and justification of production levels are based upon the data gained during development of the major part of YYY gas-condensate field.
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