Volume II
the Baltic Sea and Russia's Arctic Seas

Report outline

1 Introduction
2 Key Conclusions of the Study
3 General Information on the Regions
3.1 Geographical, Natural and Climatic Environment in the Offshore Regions of the Baltic, Barents, Pechora and Kara Seas and in the Offshore Areas of the Ob and Taz Bay
3.1.1 Baltic Sea
3.1.2 Barents and Pechora Seas
3.1.3 Kara Sea, the Ob and Taz Bay
3.2 The Problem of Maritime Demarcation in the Baltic and Barents Seas
3.2.1 Baltic Sea
3.2.2 Barents Sea
3.2.3 Russia's Maritime Demarcation in the Arctic Region
3.3 Legislative Control of Oil and Gas Production in the Russian Offshore Areas

4 Oil and Gas Reserves and Resources in the Offshore Area of the Baltic Sea and Russia's Arctic Seas
4.1 Baltic Sea
4.2 Barents and Pechora Seas
4.3 Kara Sea, the Ob and Taz Bay
4.4 Offshore Area to the East of the Yamal Peninsula (Laptev Sea, East Siberian Sea and Chukchi Sea)

5 Key Companies Operating in the Offshore Areas of the Baltic, Barents, Pechora and Kara Seas, the Ob and Taz Bay
5.1 Baltic Sea
5.2 Barents and Pechora Seas
5.3 Kara Sea, the Ob and Taz Bay

6 Offshore Exploration and Production Projects in the Baltic, Barents, Pechora and Kara Seas, the Ob and Taz Bay
6.1 Baltic Sea
6.1.1 Kravtsovskoye field
6.2 Barents and Pechora Seas
6.2.1 Projects of SINTEZ Group
6.2.2 Projects of OAO Severneftegaz
6.2.3 Prirazlomnoye Field
6.2.4 Shtokmanovskoye Field
6.2.5 Barents-1
6.2.6 Barents-2
6.2.7 Barents-3
6.2.8 Barents-4
6.2.9 Barents-5
6.2.10 Barents-6
6.2.11 Barents-7
6.3 Kara Sea
6.4 The Ob and Taz Bay

7 Forecasted Volumes for Exploration and Production Drilling in the Offshore Areas of the Baltic, Barents, Pechora, and Kara Seas, the Ob and Taz Bay
7.1 Baltic Sea
7.2 Barents and Pechora Seas
7.3 Kara Sea
7.4 The Ob and Taz Bay

8 Forecasted Hydrocarbon Production Volumes in the Offshore Areas of the Baltic,
Barents, Pechora, Kara Seas and in the Areas of the Ob and Taz Bay
8.1 Baltic Sea
8.2 Barents and Pechora Seas
8.3 Kara Sea
8.4 The Ob and Taz Bay

9 Estimation of Demand for Sea Drilling Rigs and Platforms in the Offshore Areas of the Baltic, Barents, Pechora, Kara Seas and in the Areas of the Ob and Taz Bay
9.1 Baltic Sea
9.2 Barents and Pechora Seas
9.3 Kara Sea, the Ob and Taz Bay

10 Appendix 1. Correlation between the Russian and USA Classifications for Oil and Gas
Reserves
11 Appendix 2. The Program of the Ministry of Natural Resources of the Russian
Federation for Geological Surveillance and Licensing of Russia¡¯s Continental Shelf Subsoil
through 2020 (extracts)

List of figures and tables

Figure 3-1 Map of the Russian Offshore Areas
Figure 4-1 Map of license blocks in the Barents Sea
Figure 4-2 Map of fields in the Kara Sea
Figure 4-3 Fields in the offshore areas of the Ob and Taz Bay
Figure 6-1 Kravtsovskoye field and its transportation infrastructure
Figure 6-2 Annual and cumulative oil production in the Kravtsovskoye field in 2004-2007, thousand tons per year
Figure 6-3 Number of production wells, number of producing wells and the total well stock in the Kravtsovskoye field from 2004 to 2007, well units
Figure 6-4 Medium production rate (t/d) and water cutting of well production (percent) in the Kravtsovskoye field from 2004 to 2007
Figure 6-5 Prirazlomnoye field and adjacent fields
Figure 6-6 Projected volume of oil production in the Prirazlomnoye field from 2008 through 2020, million tons per year
Figure 6-7 Map of Shtokmanovskoye field
Figure 6-8 Distribution of shares in the project on the Shtokmanovskoye field development, percent
Figure 6-9 Projected volume of natural gas production in the Shtokmanovskoye field from 2008 to 2020, bcm per year
Figure 6-10 Design of an underwater drillship proposed by the Rubin Central Design Office
Figure 6-11 Volume of natural gas production in the Ob and Taz Bay from 2008 through 2020, bcm p.a.
Figure 8-1 Volume of oil production in the Russian sector of the Baltic Sea from 2008 through 2020, thousand tons p.a.
Figure 8-2 Volume of oil production in the offshore areas of the Barents and Pechora seas from 2008 through 2020(scenario 1), million tons p.a.
Figure 8-3 Volume of natural gas production in offshore areas of the Barents and Pechora seas from 2008 through 2020 (scenario 1), bcm p.a.
Figure 8-4 Volume oil production in the offshore areas of the Barents and Pechora seas from 2008 through 2020(scenario 2), million tons p.a.
Figure 8-5 Volume of natural gas production in offshore areas of the Barents and Pechora seas from 2008 through 2020 (scenario 2), bcm p.a.
Figure 8-6 Volume of natural gas production in the areas of the Ob and Taz Bay from 2008 through 2020 (scenario1), bcm p.a
Figure 8-7 Volume of natural gas production in the areas of the Ob and Taz Bay from 2008 through 2020 (scenario 2), bcm p.a
Figure 9-1 Platform design for the Prirazlomnoye field

Table 2-1 Forecasted exploration and production drilling in the Barents, Pechora, Kara seas, the Ob and Taz Bay from 2008 to 2020 (scenario 1)
Table 2-2 Forecasted exploration and production drilling in the Barents, Pechora, Kara seas, the Ob and Taz Bay from 2008 to 2020 (scenario 2)
Table 5-1 Gazprom's proposals for fields and subsoil plots targeted for development (extracts)
Table 5-2 Rosneft's proposals for fields or subsoil plots it would like to develop (extracts)
Table 6-1 Volume of natural gas reserves in the Kamennomysskoye-more, Severo-Kamennomysskoye and Ob fields
Table 7-1 Forecasted number of wells to be drilled in the offshore areas of the Barents and Pechora seas from 2008 through 2020 (scenario 1)
Table 7-2 Forecasted exploration and production drilling in the Barents and Pechora Seas from 2008 through 2020(scenario 1)
Table 7-3 Forecasted number of wells in the Barents and Pechora Seas from 2008 through 2020, units (scenario 2)
Table 7-4 Forecasted exploration and production drilling in the Barents and Pechora Seas from 2008 through 2020(scenario 2)
Table 7-5 Forecasted number of wells in the Ob and Taz Bay from 2008 through 2020 (scenario 1)
Table 7-6 Forecasted exploration and production drilling in the Ob and Taz Bay from 2008 through 2020 (scenario1)
Table 7-7 Forecasted number of wells in the Ob and Taz Bay from 2008 through 2020 (scenario 2)
Table 7-8 Forecasted exploration and production drilling in the Ob and Taz Bay from 2008 through 2020 (scenario2)
Table 9-1 Forecasted requirements by Rosneft for equipment to develop the Arctic offshore area until 2030
Table 10-1 Russian and USA classification of oil and gas reserves
Table 11-1 Expert estimation by the Ministry of Natural Resources and Ecology of the amount of subsoil users' investment in implementing the Program for Geological Surveillance and Licensing of Russia's Continental Shelf Subsoil through 2020, $ billion
Table 11-2 Expected revenue for the state from oil and gas company activity in the offshore areas (estimated by the Ministry of Natural Resources and Ecology of the Russian Federation), $ billion