Volume III
Seas of the Russian Far East

Report Outline

1 Introduction

2 Key Conclusions of the Study
3 General information on the regions
3.1 Geographic, natural and climatic conditions of offshore areas in the Bering Sea, the Sea of Okhotsk and the Sea of Japan
3.1.1 Bering Sea
3.1.2 Sea of Okhotsk
3.1.3 Sea of Japan
3.2 Problem of Maritime Delimitation on the Shelves of the Bering Sea, the Sea of Okhtosk and the Sea of Japan
3.2.1 Bering Sea
3.2.2 Sea of Okhotsk
3.2.3 Sea of Japan
3.3 Legislative Control of Oil and Gas Production in the Russian Offshore Areas.
4 Offshore Gas and Oil Reserves and Resources in the Bering Sea, the Sea of Okhotsk,and the Sea of Japan
4.1 Bering Sea
4.2 Sea of Okhotsk
4.3 Sea of Japan

5 Key Companies Operating in Offshore Areas of the Bering Sea, the Sea of Okhotsk and the Sea of Japan
5.1 Bering Sea
5.2 Sea of Okhotsk
5.3 Sea of Japan

6 List of the Largest Offshore Production Projects in the Bering Sea, the Sea of Okhotsk and the Sea of Japan
6.1 Bering Sea
6.1.1 Anadyr-1
6.1.2 Anadyr-2 and Anadyr-3
6.2 Sea of Okhotsk
6.2.1 West Kamchatka Shelf
6.2.2 Magadan-1,2,3, and 4
6.2.3 Koryakiya-1,2 and Kamchatsky-1
6.2.4 Khabarovsk 1,3
6.2.5 Sakhalin-1
6.2.6 Sakhalin-2
6.2.7 Sakhalin-3
6.2.8 Sakhalin-4, and -5
6.2.9 Lopukhovsky block
6.2.10 Sakhalin-6
6.2.11 Sakhalin-7
6.3 Sea of Japan
6.3.1 Sakhalin-8,9
6.3.2 Khabarovsk-2, and -4

7 Projections of the Scope of Exploration and Production Drilling in the Offshore Areas of the Bering Sea, the Sea of Okhotsk and the Sea of Japan
8 Forecast of Oil and Gas Production in the Offshore Areas of the Bering Sea, the Sea of Okhotsk and the Sea of Japan
8.1 Bering Sea
8.2 Sea of Okhotsk
8.3 Sea of Japan

9 Evaluation of the Demand for Offshore Drilling Rigs and Platforms in the Bering Sea, the Sea of Okhotsk and the Sea of Japan
9.1 Bering Sea
9.2 Sea of Okhotsk
9.3 Sea of Japan
10 Appendix 1. Procurement System and Contractor Selection to Ensure Implementation of the Russian Offshore Projects
11 Appendix 2. Correlation between the Russian and USA Classifications for Oil and Gas Reserves

List of figures and tables

Figure 2-1 Relative shares of the Bering Sea, the Sea of Okhotsk and the Sea of Japan in the total scope of
exploration drilling in the Russian Far East, well units, percentage of total number of wells (Scenario 1)
Figure 2-2 Relative shares of the Bering Sea and the Sea of Okhotsk in the total scope of exploration drilling in the
Russian Far East, well units, percentage of total number of wells (scenario 1)
Figure 3-1 Map of offshore areas of the Russian Federation
Figure 6-1 Map of license blocks in the Bering Sea
Figure 6-2 Map of License Blocks in the Sea of Okhotsk and the Sea of Japan
Figure 6-3 Map of Fields and Oil and Gas Bearing Structures on the Sakhalin Shelf
Figure 6-4 Shares of the Sakhalin-1 participants
Figure 6-5 Yastreb drilling rig
Figure 6-6 Orlan offshore platform
Figure 6-7 Chayvo onshore processing facility
Figure 6-8 Single-buoy mooring in De-Kastri
Figure 6-9 Shares of the Sakhalin-2 participants
Figure 6-10 Oil production within Sakhalin-2 in 1999 to 2007, million tons p.a
Figure 6-11 Molikpaq platform
Figure 8-1 Forecasted Oil Production in the Sea of Okhotsk from 2008 to 2020 (Scenario 1), million tons p.a.
Figure 8-2 Forecasted Gas Production in the Sea of Okhotsk from 2008 to 2020 (Scenario 1), bcm p.a.
Figure 8-3 Forecasted Oil Production in the Sea of Okhotsk from 2008 to 2020 (Scenario 2), million tons p.a.
Figure 8-4 Forecasted Gas Production in the Sea of Okhotsk from 2008 to 2020 (Scenario 2), bcm p.a.

Table 2-1 Forecasted exploration and production drilling in the Bering Sea, the Sea of Okhotsk and the Sea of Japan in 2008 to 2020 (scenario 1)
Table 2-2 Forecasted exploration and production drilling in the Bering Sea, the Sea of Okhotsk and the Sea of Japan in 2008 to 2020 (scenario 2)
Table 5-1 Gazprom's proposals regarding fields and subsoil plots targeted for development (excerpts)
Table 5-2 Rosneft's proposals regarding fields and subsoil plots targeted for development (excerpts)
Table 6-1 Reserves in Sakhalin-1 (for the OAO Rosneft's 20 percent share as of December 31, 2007, according to SPE, DeGolyer & MacNaughton)
Table 6-2 Operating data for Sakhalin-1 from 2005 to 2007
Table 6-3 Oil and gas production within Sakhalin-1 from 2005 to 2007 (Rosneft's share indicated in brackets)
Table 6-4 Key contractors and scope of work within Phase 1 of Sakhalin-1
Table 6-5 Reserves of Sakhalin-2 as of January 1, 2008
Table 6-6 Properties of Vityaz crude oil
Table 6-7 Exploration works at Veninsky block, Sakhalin-3
Table 6-8 Exploration data for Zapadno-Schmidtovsky license block, Sakhalin-4
Table 6-9 Exploration data for Vostochno-Schmidtovsky license block, Sakhalin-5
Table 6-10 Exploration data for Kaygansko-Vasyukansky license block, Sakhalin-5
Table 7-1 Forecasted number of wells in the Bering Sea, the Sea of Okhotsk and the Sea of Japan from 2008 to 2020, units (Scenario 1)
Table 7-2 Forecasted exploration and production drilling in the Bering Sea, the Sea of Okhotsk and the Sea of Japan from 2008 to 2020 (Scenario 1)
Table 7-3 Forecasted number of wells in the Bering Sea, the Sea of Okhotsk and the Sea of Japan from 2008 to 2020, units (Scenario 2)
Table 7-4 Forecasted exploration and production drilling in the Bering Sea, the Sea of Okhotsk and the Sea of Japan from 2008 to 2020 (Scenario 2)
Table 11-1 Russian and USA classification of oil and gas reserves