The Technical Committee was established to conduct preliminary review of the most important technical matters within the competence of the Board of Directors and to receive recommendations for decision-making.

The establishment and performance of the Technical Committee are regulated by the Shareholders Agreement of Severneftegazprom and the Policy on the Technical Committee, which has been approved by the Board of Directors of the Company.

The Technical Committee is made up of eight members appointed by the Board of Directors.

The function of the Technical Committee is to provide recommendations to the Board of Directors for all significant technical issues upon the Company’s activities within its competence.

The establishment of the Committee consisting of members with extensive experience and knowledge in specific areas improves the efficiency and quality of performance of the Board of Directors.