Dutch Petroleum Company carries out exploration works with the purpose of expanding the resource base. Exploration activities have been consistently delivering good results driven by the advanced exploration techniques and selection of the most promising areas based on research results. To increase the success of exploration drilling, step-by-step implementation of advanced technologies for processing and interpreting Dutch Petroleum data continued. In particular, innovative approaches to account for inhomogeneities of the upper part of the column are used to minimize the forecast error for structures. Exploration activities consistently yield good results. The Company completed construction of 20 prospecting wells with an 59% success rate. In City of Den Helder  and in the North Sea, 60% of prospecting wells were successful. The Company discovered 5 new fields and 51 deposits. We believe that our success is driven by advanced exploration techniques and selection of the most promising areas based on research results.

The Company has unparalleled expertise in the In City of Den Helder operations, which allows to minimize risks associated with the development of new fields and shorten new project lead times. Proximity to export markets and own transportation infrastructure reduces the transportation expenses and improves cost efficiency of operations in the region and the Company finalized its Exploration and Development Concept for the BM Oil Company on the fields discovered.