The Company has nine licenses at areas located around the Vankor field – East-Lodochny, West-Lodochny, Samoedsky, Baikalovsky, Protochny, Vadinsky, Tukolandsky, Pendomayakhsky, and North-Charsky.

Additional exploration work was carried out in 2010 at the Baikalovskoye field, which was discovered in 2009. The size of the license area was increased to include the whole of the field. Baikalovskoye prospecting and evaluation well №2 was drilled and testing was carried out at eight well depths, which helped to clarify the nature of reserves at the field. Recoverable C1 and C2 reserves (Russian classification) at the end of 2010 were 53.6 mln tonnes (392 mln barrels) of oil and condensate and 37.3 bln cubic meters of gas.

Work began at the West-Lodochny license area on a prospecting and evaluation well, Ichemminskaya-1, which is scheduled for testing in 2011.

Three structural wells were drilled at the Kystykhstakhskoye elevation, which is part of the Samoyedskoye license area, in order to study and log the upper part of the section and clarify location of a structural trap.

2D seismic work at license areas around the Vankor field in 2010 totaled 350 linear km. The increase in C1 oil and gas condensate reserves was 31.7 mln tonnes (232 mln barrels), and gas reserve additions were 29.1 bln cubic meters. Most of the increases were as a result of production drilling at the Vankor field.

Exploration activities within the Vankor group of licensed blocks