GPB Global Resources

GPB Global Resources is an international group of companies, engaged in petroleum and mineral resource projects in various parts of the globe, including Africa, South America, and the Middle East. Today we operate in Chad, Mali, Niger, and Venezuela.
GPB Global Resources is a 100% affiliate of OJSC Gazprombank - one of the top 3 banks in Russia.
GPB Global Resources Group Services
* Acquisition and management of oil and gas projects in exploration and development stages;
* Acquisition and management of mineral resource projects, including gold, diamonds, and other precious gems;
* Financial services for governments and state-owned companies engaged in developing natural resources;
* Project financing for infrastructure projects in emerging markets;
* Consulting services to Oil & Gas and Mining industry companies.
GPB Global Resources Group Projects
Chad
GPB Global Resources is prospecting for gold at Ganboke field.
In December 2011 in accordance with the local legislation GPB Global Resources established GPB Chad Minerals SARL to represent the Group’s interests in the Republic of Chad and submitted a draft of the License Agreement to the Ministry of Geology and Mines of Chad.
In January 2012 the Ministry of Geology and Mines of Chad and GPB Chad Minerals SARL signed a 5-year License Agreement which empowers GPB Chad Minerals SARL to perform exploration works on the field with a minimum investment program of $10 mln.
In February 2012 the President of Chad General Idriss Déby Itno, signed a decree which enacts the License Agreement.
GPB Chad Minerals SARL is in pre-launch stage of field works in accordance with the License Agreement.
Mali
GPB Global Resources is prospecting for gold at Barila concession.
In September 2011 Special Envoy of the President of the Russian Federation for cooperation with Africa Mikhail Margelov visited Mali to hold talks with the government on the issues of economic cooperation between Mali and Russia. The visit resulted in an invitation for GPB Global Resources to consider mining opportunities in Mali.
In 2011 Company’s management visited Mali’s prospective gold sites, met the officials of the Ministry of Mines. The Barila concession was chosen among a dozen of licenses offered for consideration. The concession covers an area of 143 km , it is located in the southern part of Mali in the region of Sikasso.
A local company Marco Mining SARL has been the license holder for the Barila project since February 2009. In December 2011 GPB Global Resources and Marco Mining SARL signed a Memorandum of Understanding to jointly develop the Barila project. In March 2012 GPB Global Resources engaged in the project as the principal shareholder of Marco Mining SARL.
Niger
GPB Neftegaz Services B.V. (GPB Global Resources Group) is prospecting for uranium at Toulouk-2 and Toulouk-4 license areas.
In February 2011 GPB Neftegaz Services B.V. won the government tender to explore uranium in the areas of Toulouk-2 and Toulouk-4. In March 2011 the Company was awarded licenses and commenced preparatory works.
In June 2011 a branch office of GPB Neftegaz Services B.V. was registered and opened.
At present, the exploration program is underway, several wells have been drilled by the end of March 2012.
Venezuela
Corporación Venezolana de Petróleo S. A. (PDVSA Group) and Gazprombank Latin America Ventures B.V. (GPB Global Resouces Group) are jointly developing an oil project at Lagunillas Tierra and Bachaquero Tierra fields in Venezuela. The viscous oil fields are located in the state of Zulia next to the lake of Maracaibo in the west of the country.
The mature oil fields of Lagunillas Tierra and Bachaquero Tierra were discovered in 1926, and in 1938 respectively. Total area of the fields amounts to 697.96 km2. The partners will apply sophisticated modern technology to boost oil production.
On February 7, 2012 the government of Venezuela announced in the official bulletin that the project had been approved by the National Assembly. In accordance with the statement, Corporación Venezolana de Petróleo S. A. and Gazprombank Latin America Ventures B.V. will establish a Joint Venture (JV) with the stakes of 60% and 40% respectively. The production contract will be concluded for 25 years.
The bulletin states, that the JV is obliged to sell the oil and associated gas produced to PDVSA Petróleo, S.A. Gazprombank Latin America Ventures B.V. will pay the bonus of $404.2 mln to the Bolivarian Republic of Venezuela for the right to take part in the JV. The shareholding structure and obligations of the JV were previously described in the Memorandum of Understanding between Corporación Venezolana de Petróleo S.A. and Gazprombank Latin America Ventures B.V. initialed on August 17, 2011.

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