Special discounts valid from December 1st 2009 till December 30th 2009 are:

* 10% on one title

* 20% on two titles

* 25% on three titles

* 35% on four titles and more

The offer includes the following titles:

* Russian Oilfield Services Market: Latest Developments 2008-2009
* CIS Natural Gas: Outlook for International Impact
* Natural Gas Production in Russia: 2008-2020
* Oil and Gas Industry of Turkmenistan
* FSU Oil and Gas Statistic Yearbook 2009
* Russian Gas Industry: Outlook for Development in 2009-2010
* Offshore Oil and Gas Industry of Russia and CIS: Outlook to 2020
* Russian Petroleum Companies: Overseas Assets and Operations
* Kazakhstan's Oil and Gas Upstream 2008
* Russian Gas on Global Markets: Potential, Strategies and Outlook

Table of Contents

Main conclusions 11
1. Oil production:11
1.1. Oil production volumes13
1.2. Key current and prospective oil projects15
1.3. Oil production structure 18
1.4. Capital expenditures in oil production25
1.5. Key legislative factors for controlling the oil production industry in the Russian Federation. 29
2. Drilling and stock of wells40
2.1. Major drilling projects 40
2.2. Capital expenditures in production drilling .42
2.3. Production drilling 45
2.4. Well stocks.47
2.5. Capital expenditures in exploration drilling.53
2.6. Exploration drilling56
2.7. Workover (WO)58
3. Well stimulation techniques.63
3.1. Fracturing63
3.2. Well operation optimization 69
3.3. Bottom hole stimulation76

List of figures
Figure 1.1. Oil production in Russia by company, from 2001 to 2008, thousand tons 13
Figure 1.2. Oil production in the Russian Federation, H1 2008 and H1 2009, thousand tons14
Figure 1.3. Oil production in the Russian Federation by company, Q1and Q2 2009, thousand tons  15
Figure 1.4. The structure of aggregate oil production by VIOC in the Russian Federation, 2006 through 2008, thousand tons 19
Figure 1.5. The oil production structure in the Russian Federation in 2006 by VIOC, thousand tons  20
Figure 1.6. The structure of oil production in the Russian Federation in 2007 by VIOC, thousand tons 21
Figure 1.7. The structure of oil production in the Russian Federation in 2008 by VIOC, thousand tons. 22
Figure 1.8. The structure of aggregate oil production of VIOCs in the Russian Federation, H1 2008 and H1 2009, thousand tons 23
Figure 1.9. The structure of oil production in the Russian Federation by VIOC in H1 2008, thousand tons 24
Figure 1.10. The structure of oil production in the Russian Federation by VIOC in H1 2009 thousand tons 25
Figure 1.11. Comparison of total investments in oil production in the Russian Federation by VIOC, H1 2008 and H1 2009, RUR million . 26
Figure 1.12. Comparison of capital investments per extracted ton of oil in the Russian Federation by VIOC, H1 2008 and H1 2009  27
Figure 1.13. Comparison of total capital investments in oil production by VIOCs in the Russian Federation, Q1 and Q2 2009, RUR million  28
Figure 1.14. Comparison of capital investments per extracted ton in the Russian Federation by VIOC, Q1 and Q2 2009, RUR million . 29
Figure 1-15. Crude oil export duty per ton from 2002 to 2009, $  36
Figure 2.1. Production drilling capital expenditures by Russian VIOC, RUR million, H1 2008 and 2009  42
Figure 2.2. Comparison of capital expenditures in production drilling per meter of drilling by Russian VIOC, RUR million, H1 2008 and H1 2009  43
Figure 2.3. Production drilling capital expenditures by Russian VIOC, RUR million, Q1 and Q2 2009 . 44
Figure 2.4. Comparison of capital investments per meter of production drilling by Russian VIOC, RUR million, Q1 and Q2 2009  44
Figure 2.5. Production drilling volumes by Russian company, thousand meters, from 2001 to 2008  45
Figure 2.6. Production drilling volumes by Russian company, thousand meters, H1 2008 and H1 2009. 46
Figure 2.7. Production drilling volumes by Russian companies, thousand meters, Q1 and Q2 2009  47
Figure 2.8. Introduction of new production wells by Russian VIOC, wells, from 2001 to 2008  48
Figure 2.9. Introduction of new production wells by Russian VIOC, wells, H1 2008 and H1 2009 48
Figure 2.10. Dynamics of development well stocks by Russian VIOCs, wells, from 2001 to 2008  49
Figure 2.11. Dynamics of production well stocks by Russian VIOC, wells, from 2001 to 2008 49
Figure 2.12. Effectiveness of wells stocks usage by VIOC, %, from 2001 to 2008. 50
Figure 2.13. Estimated flow rates at development wells by VIOC, tons per day, from 2001 to 2008  51
Figure 2.14. Estimated flow rates at development wells by VIOC, tons per day, first 6 months of 2008 and 2009  51
Figure 2.15. Estimated flow rates at new development wells by VIOC, tons per day, from 2001 to 2008 52
Figure 2.16. Estimated flow rates at new development wells by VIOCs, tons per day, H1 2008 and H1 2009 53
Figure 2.17. Capital expenditures in exploration drilling by Russian VIOCs, RUR million, first 6 months of 2008 and 2009 54
Figure 2.18. Capital investments in exploration drilling per meter of drilling by Russian VIOCs, RUR million, H1 2008 and 2009 . 55
Figure 2.19. Capital investments in exploration drilling by Russian VIOCs, RUR million, Q1 and Q2 2009  55
Figure 2.20. Capital investments ino exploration drilling per meter of drilling by Russian VIOC, RUR million, Q1 and Q2 2009  56
Figure 2.21. Exploration drilling volumes by Russian VIOC, thousand meters, from 2001 to 2008 57
Figure 2.22. Exploration drilling volumes by Russian VIOC, thousand meters, H1 2008 and 2009 57
Figure 2.23. Exploration drilling volumes by Russian VIOC, thousand meters, Q1 and Q2 2009  58
Figure 2.24. Number of WO operations by Russian VIOC, from 2001 to 2008  59
Figure 2.25. Cost of WO by Russian VIOC, RUR million, from 2001 to 2008 60
Figure 2.26. Average cost of WO operation by Russian VIOC, RUR thousand, from 2001 to 2008  60
Figure 2.27. Average number of operating workover teams by Russian VIOCs, from 2001 to 2008 61
Figure 2.28. Number of operations per workover team per year, from 2001 to 2008  62
Figure 3.1. Number of fracturing operations in the Russian Federation by VIOC, from 2001 to 2008  63
Figure 3.2. Efficiency of fracturing in the Russian Federation performed by VIOCs, thousand tons, from 2001 to 2008 64
Figure 3.3. Designed efficiency per fracturing operation by VIOC, thousand tons, from 2001 to 2008 65
Figure 3.5. Efficiency of fracturing operations in the Russian Federation by VIOC, thousand tons, H1 2008 and H1 2009 66
Figure 3.6. Designed efficiency per fracturing operation by VIOC, thousand tons, H1 2008 and H1 2009 67
Figure 3.7. Number of fracturing operations in the Russian Federation by VIOC, Q1 and Q2 2009  68
Figure 3.8. Efficiency of fracturing operations in the Russian Federation by VIOC, thousand tons, Q1 and Q2 200968
Figure 3.9. Specific efficiency of one fracturing operation by VIOC, thousand tons, Q1 and Q2 2009 69
Figure 3.10. Number of well operation optimization activities in the Russian Federation per VIOC, from 2001 to 2008 70
Figure 3.11. Efficiency of well operation optimization activities in the Russian Federation by VIOC, from 2001 to 2008 70
Figure 3.12. Designed efficiency of well operation optimization activities per well in the Russian Federation by VIOC, from 2001 to 2008 . 71
Figure 3.13. Number of well operation optimization activities in the Russian Federation by VIOC, H1 2008 and H1 2009 72
Figure 3.14. Efficiency of well operation optimization activities in the Russian Federation by VIOC, thousand tons, H1 2008 and H1 2009  73
Figure 3.15. Designed efficiency of well operation optimization activity per well in the Russian Federation by
VIOC, thousand tons, fist half of 2008 and 2009  73
Figure 3.16. Number of operations on well optimization in the Russian Federation by VIOC, Q1 and Q2 2009  74
Figure 3.17. Efficiency of well operation optimization activities in the Russian Federation by VIOC, Q1 and Q2 2009 75
Figure 3.18. Designed efficiency of well operation optimization activities per well in the Russian Federation by VIOC, Q1 and Q2 2009 75
Figure 3.19. The number of bottom hole stimulation operations in the Russian Federation by VIOC, from 2001 to 2008 76
Figure 3.20. Total efficiency of bottom hole stimulation in the Russian Federation by VIOC, from 2001 to 2008  77
Figure 3.21. Designed efficiency of bottom hole stimulation per well in the Russian Federation by VIOC, from 2001 to 2008 77
Figure 3.22. The number of bottom hole stimulation operations in the Russian Federation by VIOC, H1 2008 and H12009. 78
Figure 3.23. The total efficiency of bottom hole stimulation operations in the Russian Federation by VIOC, thousand tons, H1 2008 and 2009 79
Figure 3.24. Designed efficiency of bottom hole stimulation per well in the Russian Federation by VIOC, thousand tons, H1 2008 and H1 2009 79
Figure 3.25. The number of bottom hole stimulation operations in the Russian Federation by VIOC, Q1 and Q2 of 2009 80
Figure 3.26. Total efficiency of bottom hole stimulation operations in the Russian Federation by VIOC, thousand tons, Q1 and Q2 of 2009 80
Figure 3.27. Designed efficiency of bottom hole stimulation operations in the Russian Federation by VIOC, thousand tons, Q1 and Q2 of 2009  81