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Rakushechnoye field

The Rakushechnoye field was discovered in 2001 and will be the next project scheduled for implementation in the Caspian region. As the field is very close to the V. Filanovsky field, the Company plans to take advantage of the existing infrastructure to shorten the lead times and reduce the field construction costs. In 2015, we drilled a 1,650-meter exploration well at the Rakushechnoye field, which allowed us to reclassify all reserves of the field as B1 reserves. All exploration activities at the field were completed. In 2016, the Group ran a bidding procedure and signed a contract to develop front-end engineering design (FEED) for the field construction.