Investor Presentaiton slide image

Investor Presentaiton

TMK ...and This Creates Long-term Demand for High-End Oil & Field Services Russian drilling activity remains solid with development drilling activity growing Russian drilling, kmpd 80 Russian oil drilling growth broken down, km 76 77 60% 3% 3% 7% 68 20 534 60 km/d 21 080 14% 60 57 3 60 54 53 49 48% 40% 41% 40 40 36% 33% 30% 20% 20 20 21% 12% 14% 0 0% 2011 2012 2013 2014 2015 2016 2017 9M 9M2017 Rosneft* Lukoil SurgutNG Tatneft GPN Other 9M2018 2018 Total drilling % of horizontal drilling (RHS) Source: Interfax, CDU TEK Source: CDU TEK Albeit quality of Russian reserves continues slowly deteriorating Watercut, % Average well depth, km 45% 88% 3,6 41% 87% 37% 3,2 33% 86% 2,8 29% 25% 85% 2,4 '11 '12 '13 '14 '15 '16 '17 '11 '12 '13 '14 '15 '16 '17 2011 2012 2013 Development 2014 2015 2016 2017 1H2018 Exploration Horizontal Source: CDU TEK Source: CDU TEK 12
View entire presentation