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GENERAL INFORMATION

JSC Dagneftegaz carries out activities related to exploration and production of hydrocarbons in the Republic of Dagestan. The Company's principal fields are the Dimitrovskoye oil and gas condensate field, the Makhachkala-Tarki oil and gas condensate field and the Izberbash oil and gas condensate field. As of 01.01.2019, the production well stock consisted of 50 wells (33 oil wells, 17 gas wells). The produced gas is sold to the cities of Makhachkala, Caspian, Izberbash and the local industrial enterprises.  In 2018, JSC Dagneftegaz produced 142 million m3 of gas and 16.3 thousand tons of oil and condensate. As of the end of 2018, only one production gas well (No.50 Dimitrovskaya) is drilled. The Company's prospects are related to geological exploration work at Safarali, Karabudakhkent, Karatyube, Karlanyurt and West Izberbash blocks.