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Field Development Plan Being Specified at Block 245 South in Algeria

04 April 2012

Rosneft-Stroytransgaz Limited (RN-STG), controlled by Rosneft and Stroytransgaz, is working jointly with Sonatrach, Algeria’s national oil company, to begin reservoir delineation at three earlier discovered deposits within Block 245 South in Algeria. The three deposits are East Takuazet, West Takuazet and North Tisselit.

The aim of reservoir delineation is to specify the development programme for these deposits. It involves 3D seismic survey (covering an area of 386 square kilometres), the drilling of three new wells, two horizontal sidetracks and a horizontal offshoot.

To date, all of the planned seismic survey work has been completed, sites have been prepared for drilling and drilling of the first well has begun.

Work is scheduled for completion in September 2012.

Notes for editors

In 2001 Rosneft and Stroytransgaz won the first international tender to explore for oil and gas in Algeria. RN-STG, a company set up on a parity basis, and Sonatrach, Algeria’s national oil company, concluded a contract to explore and develop oil and gas deposits in the Gara Tisselit perimeter (Block 245 South) in the Illizi oil and gas province in south-east Algeria.

Geological studies at the block in 2001-2007 discovered three oil and gas deposits – East Takuazet, West Takuazet and North Tisselit.

A detailed field appraisal was performed in 2009-2010 to classify reserves discovered at the fields as P1+P2. Further refinement of the deposit development plan was required following the drilling and testing of seven wells.

Rosneft Information Division
Tel: +7 (495) 411 54 20
Fax: +7 (495) 411-54-21
April 4, 2012

These materials contain statements about future events and expectations that are forward-looking in nature. Any statement in these materials that is not a statement of historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements expressed or implied by such forward-looking statements to differ. We assume no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements.