PUBLIC RELATIONS DEPARTMENT PRESS-RELEASE Tel.: (495) 411-63-24 Fax: (495) 411-63-19 E-mail: pr@russneft.ru www.russneft.ru 69 Pyatnitskaya str., 115054, Moscow September 07, 2009 OJSC Oil and Gas Company «RussNeft» realizes a program on development of production infrastructure of Mokhtik oilfield. Nizhnevartovsk District. Khanty-Mansiysk Autonomous District - Yugra. OJSC Oil and Gas Company «RussNeft» realizes a program on development of production infrastructure of Mokhtik oilfield in Western Siberia. Under this program ОАО МPК «Aganneftegazgeologia», the subsidiary enterprise of OJSC Oil and Gas Company «RussNeft», carries out active industrial construction of this license area. A considerable amount of work is carried out in the central production facility (CPF). Gathering pressure pipeline «CPF Mokhtik - CPF Yermakovskiy», which is 47km in length, crude oil delivery and acceptance point at CPF of Yermakovskiy oilfield, oil custody metering station № 586 are close to the end of construction. Commissioning of these facilities will allow «Aganneftegazgeologia» to optimize oil transport scheme and to reduce expenditures connected with the treatment and transportation of hydrocarbon materials to the long-distance pipeline. Works on development of engineering infrastructure of Mokhtik oilfield will continue in the course of the year 2009. At the moment there’s carried out reconstruction of CPF and construction of stand-up reservoir-3000. There was set up infrastructure development of cluster sites № 5 and № 7, it’s planned to reconstruct the road from the highway to the oilfield. ОАО МPК «Aganneftegazgeologia», the subsidiary enterprise of OJSC Oil and Gas Company “RussNeft”, performs the development of Mokhtik oilfield. The oilfield has been exploited since 1993, Месторождение эксплуатируется с 1993 года, its net effective pay of oil exceed 6 million tons. The performance stock of Mokhtik oilfield numbers 46 wells, 5 of them have been put into operation in 2009. Oil output in this area is constantly increasing and according to the results of January – June 2009 reached 231 thousand 530 tons, that is by 77 thousand more than it was in the same period last year. In August the average daily production of hydrocarbons at Mokhtik oilfield reached 1 600 tons, that exceeds the planned performance by more than 30 percentage. Press-service ОАО NК «RussNeft» Tel.: (495) 411-63-24 Fax: (495) 411-63-19 E-mail: pr@russneft.ru For reference. OJSC Oil and Gas Company «RussNeft» is a vertically integrated oil holding numbered among top ten oil and gas companies of the country. “RussNeft” structure encompasses 21 extractive enterprises, 3 refineries, modern distribution network of gas filling stations in the Orenburg Region (96 gas filling stations). The enterprises of the Company are located in 14 regions of Russia and the CIS. Business geography of “RussNeft” covers Khanty-Mansiysk Autonomous District, Yamalo-Nenets Autonomous District, Tomsk, Ulyanovsk, Penza, Volgograd, Briansk, Saratov, Kirov, Orenburg Regions, Krasnodar Territory, Republic of Udmurtia and Republic of Belarus. The head office of the company is in Moscow. Net effective pay of “RussNeft” exceeds 600 million tons. Annual production in 2008 reached the level of 14,2 million tons. Throughput makes 7,5 million tons. Overall volume of oil products retailing through direct sales forces of Oil and Gas Company “RussNeft” in 2008 made 650,8 thousand tons. The Company’s personnel numbers more than 20 thousand people. ОАО МPК «Aganneftegazgeologia» is the subsidiary enterprise of OJSC Oil and Gas Company «RussNeft». The enterprise has a license for the development of three subsoil areas including eight oilfields: Zapadno-Mogutlorskoye license area (Zapadno-Mogutlorskoye, Mogutlorskoye, VatYeganskoye, Severo-Pokachevskoye, Zhilinskoye oilfields), Roslavlskoye license area (Roslavlskoye oilfiled), Chkhlorskiy license area (Yuzhno-Roslavlskoye, Chukhlorskoye oilfields). In 2007 the enterprise has got license for the development of Amputinskoye license area. The annual output makes 1 900 thousand tons of oil. ОАО МPК «Aganneftegazgeologia» renders operator services for oil production to three subsidiary enterprises of oil-producing holding «RussNeft» – ООО SP «Chernogorskoye», SТ ZАО «Goloil» and ОАО «Mokhtikneft». The personnel of the enterprise numbers more than 1100 people.