Emir-Oil: A balanced portfolio

The Emir-Oil Concession Block is located onshore in the Mangystau Oblast (situated in the southwestern region of Kazakhstan), about 40 km northeast of the City of Aktau which is Kazakhstan’s largest sea-port on the Caspian Sea coast. The Emir-Oil Concession Block has a total contract area of approximately 850.3 km², comprising the following:

1. four producing fields namely, Aksaz condensate-rich gas field, Dolinnoe oil field, Emir oil field and Kariman oil field with a total contract area of approximately 45.5 km²; and
2. an exploration area with a total contract area of approximately 804.8 km². The following discovered fields and prospects are located in the exploration area:
   1. two development fields (North Kariman and Yessen oil fields) which have been under pilot production since June 2012 and April 2013, respectively; and
   2. six prospects (namely, Borly, Aidai, Begesh, East Saura, North Aidai and Tanirbergen) which have been identified outside the producing fields for future exploration, appraisal, development and production. Additionally, four prospects have also been identified which are surrounding the producing fields.

A summary of the components of the Emir-Oil Concession Block is as follows:

Fiscal System		Concession
Type of Field		Commencement Date	Production Commencement Year	Type of Contract	Remaining Contract Period (Years)	Expiry Date	Area (km2)
Producing Fields
Kariman	Oil	9 Sep 2011	2011	Production Contract	12	9 Sep 2036	12.24
Dolinnoe	Oil	9 Sep 2011	2011	Production Contract	12	9 Sep 2036	18.24
Aksaz	Light Oil	9 Sep 2011	2011	Production Contract	12	9 Sep 2036	11.48
North Kariman	Oil	5 Jan 2020	2020	Production Contract	12	31 Dec 2035	4.55
Yessen	Oil	5 Jan 2020	2020	Production Contract	20	31 Dec 2044	6.69
Total Acreage							53.20