E&P Program and Financial Strategy
Looking Ahead - Focus On Core Gas Segment
NOVATEK
Prioritize investment program to focus on core natural gas and gas
condensate production capacity and changing market conditions
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2009 – Estimated E&P CAPEX between RR 14.2¹ billion (minimum case)
and RR 21.81 billion (maximum case)
◆ 2009 - Increase production capacity up to 44 bcm (maximum case)
2010 - Estimated E&P CAPEX RR 28.31,2 billion – 35.71,3 billion
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2010 - Increase production capacity up to 51 bcm (maximum case)
Postpone oil field development programs at East-Tarkosalinskoye and
Khancheyskoye fields
Defer significant capital commitments to processing facilities until 2010,
after confirmation of new Russian gas balance, and certain exploration
activities
Notes:
(1) Net of VAT, nominal amounts
(2)
Estimated capex for 2010 under the minimum 2009 capex case
(3) Estimated capex for 2010 under the maximum 2009 capex case
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