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
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