Tuesday, March 5th, 2013
ТNК-ВР reports that it has seen oil flow to surface at the Tarkhanovskoe field in the Orenburg region.
As a result of implementing new drilling technology a flow rate of 150 t/day was seen from well # 10. This allowed increasing the estimated recoverable reserves of the Tarkhanovskoe field by 50% to 1.2 mln tons under ABC1 classification.
Reserves re-estimation resulted from sidetracking at the two wells of the field. This technology is aimed at enhancing oil recovery in the fields with a high level of depletion by bringing into development formation zones, which did not produce before, as well as challenged oil reserves.
TNK-BP is implementing a large-scale program to stabilize production in brownfields – Orenburgneft and Buguruslanneft fields have been developed for more than 75 years, they belong to the oldest producing areas in Russia. In 2012, the Company invested 34.5 bn rubles in Orenburg production support, which is 4% more than a year earlier. The investment planned for 2013 is 35.6 bn rubles.
“Orenburgneft has been making consistent efforts to develop its production. Implementing new technology allows not only maintaining planned production levels in the fields, but also ensuring new development prospects,” says Oleg Dimov, Vice President, TNK-BP Orenburg Branch Director.
Source
Tags: Buguruslanneft field, Oleg Dimov, Orenburg, Orenburgneft, Tarkhanovskoe Field, TNK-BP
Posted in TNK-BP Increases Estimated Recoverable Reserves at Tarkhanovskoe Field by 50% |
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Thursday, January 31st, 2013
TNK-BP informs that OJSC Orenburgneft (a TNK-BP Group company) produced 3.4 bcm of gas in 2012, which is 26% more than in 2011.
TNK-BP has been implementing a large-scale program aimed at production development in the mature fields of the Orenburg Region, one of the oldest petroleum provinces in Russia which has been exploited for over 75 years. In 2012, TNK-BP invested over 34 bn rubles in the hydrocarbons production development in this region and plans to increase investment to 35.6 bn rubles in 2013.
“Orenburgneft takes consistent efforts to efficiently develop its assets. Commissioning of new fields and application of state-of-the-art technologies for the development of brownfields are the main drivers for the long-term exploitation of the oil and gas resources in the Orenburg region – one of the key regions for TNK-BP,” said Igor Rustamov, General Director, OJSC Orenburgneft.
Source
Tags: 2012, 26%, gas, Orenburg, production, TNK-BP
Posted in TNK-BP Increased Gas Production in the Orenburg Region by 26% in 2012 |
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Wednesday, January 30th, 2013
TNK-BP informs that in 2013 it will invest over 145 mln rubles in social and charity projects in the Orenburg region. In accordance with the agreement on socio-economic cooperation with the regional Government, the money will be used to build or recondition social facilities, support youth movements and organizations working with children, and implement healthcare, cultural and sports projects.
TNK-BP works in close interaction with the administrations of all the regions of its presence. Every year the Company establishes agreements on social and economic cooperation envisaging investments in social projects in the most important areas. In 2012, TNK-BP spent a total of about $60 mln on social investments.
TNK-BP is one of the major taxpayers in the Orenburg region. In 2012, the taxes paid by local TNK-BP companies to the regional budget amounted to 13.6 bn rubles; inclusive of the duties, payments to budgets of all levels exceeded 200 bn rubles.
“We have established reliable partnership relations with the Orenburg region. For many years, our close cooperation enables efficient fulfillment and even over fulfillment of the socio-economic cooperation agreement. The social responsibility of the Company, as we understand it, is first of all the development of the regional economy, creation of jobs, full and timely payment of taxes. At the same time TNK-BP appreciates the importance of developing such social spheres as culture, sports, science and education. Therefore, investments in these focus areas and providing support to local authorities are an essential part of the Company’s activities in the region,” said Oleg Dimov, TNK-BP Vice President, Branch Director, “TNK-BP Orenburg”.
Source
Tags: 145 Million Rubles, 2013, Orenburg, Social Investment, TNK-BP
Posted in TNK-BP to Allocate 145 Million Rubles for Social Investment in Orenburg in 2013 |
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Thursday, December 6th, 2012
TNK-BP informs that OJSC Orenburgneft and LLC Buguruslanneft (part of the TNK-BP Group) gained the right to apply a reduced profit tax rate in 2013. The Company reinvests released resources in the amount of 2.3 bn rubles in the development of production assets in the Orenburg region.
TNK-BP is implementing a large-scale program to stabilize production in brownfields – Orenburgneft and Buguruslanneft fields have been developed for more than 75 years, they belong to the oldest producing areas in Russia. For the nine months of 2012 the Company has invested 31.9 bn rubles in the development of oil production in the region, which is 6% more than for the entire 2011.
“TNK-BP is a key investor and a major taxpayer in the Orenburg region. Orenburgneft and Buguruslanneft investment programs for 2013 envisage 22.8 bn rubles and 1.6 bn rubles correspondingly. Support on the part of the regional government is an important condition for efficient implementation of the Company major projects in the region, ramping up investment in the development of oil production, and, finally, increasing the tax revenue of the regional budget,” says Oleg Dimov, Vice President, Director of the ТNК-BP branch in Orenburg.
Source
Tags: 2.3 bn Rubles, 2013, oil production, Orenburg, Reinvest, Tax Benefits, TNK-BP
Posted in TNK-BP to Reinvest 2.3 bn Rubles of Tax Benefits in Oil Production Development in Orenburg Region in 2013 |
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Thursday, November 1st, 2012
Gazprom Neft has acquired LLC Korsar, the sole member of LLC Zhivoi Istok, and as a result established control over LLC Zhivoi Istok, which holds licenses to explore and produce oil at the Baleykinsky field and to survey the Uranskaya acreage. Both license areas are located in the Orenburg Region, covering the Novosergievsky District and partially covering the Sorochinsky District 30 km away from Gazprom Neft’s other owned field – the Tsarichanskoe field.
Original oil reserves (С1+С2) confined to both license areas amount to 8.2 Mt. Gazprom Neft’s team estimates the resources potential of the field at 30 M tons of oil. The company will continue with its exploration work in order to ascertain the amount of reserves.
Synergies will be created as a result of acquiring the asset by utilizing existing infrastructure at Gazprom Neft’s fields in the Orenburg Region: oil output available from the Baleykinsky field will be treated at the Tsarichanskoe field, while associated petroleum gas (APG) – will be treated at the Kapitonovskoe field.
The Baleykinsky field was discovered in 2006, but seismic surveys have been carried out in the area since 1979. In January 2011, pilot production commenced at the field with oil production reaching 13 Kt at the 2011 year-end. A total of four wells are drilled at the Baleykinsky field.
Vadim Yakovlev, First Deputy CEO of Gazprom Neft, said: “Last year Gazprom Neft acquired three assets in the Orenburg Region and has been expanding its scale of operations since then. Orenburg is the region where the company’s production cluster is being set up and this region remains one of our key priorities.
The Orenburg Region has a large number of benefits which enhance business performance, including a well-developed infrastructure, a sizable hydrocarbon reserve potential and lower development costs versus West and East Siberia. Moreover, the short distance between the assets allows us to derive a synergetic effect from their development and successfully implement our plans to build up production in the Orenburg Region within the next few years.”
Source
Tags: exploration, Gazprom Neft, LLC Korsar, New Asset, Orenburg, Zhivoi Istok
Posted in Gazprom Neft Acquires New Asset in Orenburg |
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Tuesday, September 18th, 2012
Orenburgneft (part of the ТNК-ВР Group) has started development drilling in the Morgunovskoe oil field located within the Buzulukskiy license area, with total reserves of ca. 16 mln tons. Thirteen wells are planned to be drilled there till the end of the year.
ТNК-ВР will be implementing a pilot production project in the Morgunovskoe field for three years – till 2015. Now the field, which was discovered in 2010, has eight exploration wells. Maximum production is expected to be achieved by 2016 with the commencement of commercial operation. By that time a drilling potential will be fulfilled – 54 development wells with annual production of approximately 650 ths tons.
“Development of new fields in the Orenburg region is an important part of the company general strategy. Putting new areas on stream and improving production performance at mature fields will allow achieving stable production in the region in the long term,” said Igor Rustamov, General Director, OJSC Orenburgneft.
Source
Tags: Development Drilling, General Director, Igor Rustamov, Morgunovskoe Field, Orenburg, Orenburgneft, ТNК-ВР
Posted in ТNК-ВР Starts Development Drilling in Orenburg Region’s Morgunovskoe Field |
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Wednesday, September 5th, 2012
ТNК-ВР will invest over 1 billion roubles to carry out 3D seismic exploration surveys in seven licence blocks in the Orenburg and Samara Regions in 2012.
To date, the company has acquired seismic data covering 759 sq km out of a total of 1601 sq km to be recorded before the end of the year. These operations are largely concentrated within six licences in Orenburg, most of which are close to the existing oilfield infrastructure owned by Orenburgneft, a TNK-BP subsidiary. This helps minimize capital expenditures for building surface facilities and maximize the economic value of the field development projects.
“Currently, we are in the first phase of the seismic project. By the end of the year, we need to process and interpret the acquired seismic data and develop 5-year subsurface exploration programs to be followed up with well engineering designs in 2013. The plan is to produce first oil in 2014 and proceed to full-field development in 2015”, said Igor Rustamov, General Director of Orenburgneft.
Tags: General Director, Igor Rustamov, Invest, Orenburg, Orenburgneft, Samara, Seismic Exploration, ТNК-ВР
Posted in ТNК-ВР Investing Over 1 Billion Roubles Into Seismic Exploration in Orenburg and Samara Regions in 2012 |
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Wednesday, July 4th, 2012
TNK-BP announces that LLC Buguruslanneft (part of the TNK-BP group of companies) is to expand investment in its pipeline integrity programme to 88 mln rubles in 2012 – 36% more than last year. The money will be used primarily to replace obsolete sections of pipe and apply inhibition and electrochemical techniques, together with other innovative technologies for internal and external anti-corrosion protection of pipelines.
Since 2004, TNK-BP has been funding an extensive pipeline infrastructure integrity programme, including spending of $270 mln in 2011 alone. The Company has inspected more than 6,000 km of its 23,000 km of pipelines, repairing over 700 km and dismantling more than 1,000 km of idle lines every year. As a result of the programme, TNK-BP has already renewed over 50% of its total pipeline network.
“Since TNK-BP began operating in Orenburg Region, investment in the Pipeline Integrity Programme has increased by 350%. Buguruslanneft’s pipeline integrity performance is currently the best amongst TNK-BP’s subsidiaries,” said Igor Kristyan, General Director of LLC Buguruslanneft.
Source
Tags: Buguruslanneft, General Director, Igor Kristyan, Investment, Orenburg, pipeline, TNK-BP
Posted in TNK-BP Boosts Investment in Orenburg Pipeline Integrity by 36% in 2012 |
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Wednesday, February 29th, 2012
TNK-BP published the results of an international audit of its reserves at the end of 2011.
As of December 31, 2011, the total proved SEC life-of-field (LOF) reserves of TNK-BP consolidated subsidiaries, estimated according to the criteria of the US Securities and Exchange Commission (SEC), amount to 9.115 billion barrels of oil equivalent.
After addition of 0.97 billion barrels of proved reserves, the total proved SEC life-of-field (LOF) reserves replacement ratio amounted to 145% in 2011. The average SEC LOF reserves replacement ratio of TNK-BP in the past eight years amounted to 140%.
As of December 31, 2011, the total proved reserves of TNK-BP consolidated subsidiaries estimated according to the PRMS (formerly SPE) criteria amounted to 13.77 billion barrels of oil equivalent. Thus, the proved PRMS reserves replacement ratio in 2011 was 203%.
Active development of the Rospan fields, acquisition of new licenses, engineering surveys and intensive exploration drilling in the new and old fields of the company, primarily in the Verkhnechonskoe field in East Siberia, and more efficient development of several fields in the Orenburg Region made the largest contribution into the addition of reserves. The favorable market conditions were also conducive to the growth of reserves replacement ratio in 2011.
In 2011, the company sealed a deal for acquiring assets in Vietnam, as a result of which proved reserves amounting to 30.6 million barrels of oil equivalent, according to the SEC criteria, were added to the company’s balance after auditing the fields in Vietnam.
Apart from that, the company’s reserves increased owing to efficient development and implementation of the program for construction of captive power plants, which made it possible to include the gas supplied for captive power generation in the reserves.
Through exploration and appraisal works, TNK-BP added oil and gas resources of 422 million barrels of oil equivalent, which may be considered as successful replenishment of the resource base in 2011.
“Achievement of a SEC LOF reserves replacement ratio of 145% is an excellent result, which was made possible by extensive application of advanced technologies and latest innovations by the company,” said Francis Sommer, Senior Vice President, Operations and Technology, TNK-BP. “More efficient development drilling in new fields and extensive development of promising Rospan fields together with maintenance of the production level in mature fields allowed the company to successfully increase its resource base.”
For further information please refer to:
Public Affairs Division: Tel. (495) 363-27-57
www.tnk-bp.ru
Tags: east siberia, francis sommer, Orenburg, reserves, reserves replacement, TNK-BP, Verkhnechonskoe
Posted in TNK-BP Announces 2011 International Reserves Audit Reserve Replacement at 145% |
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Tuesday, February 14th, 2012
OJSC Orenburgneft plans to invest $170 mln in a programme to deploy new technologies by 2016.
The Company’s focus areas include boosting reserves and optimizing field developments; well work and drilling; energy-saving equipment and improving the efficiency of field facilities.
During 2011 around 40 technology projects were reviewed, 14 of which were tested. As a result, five new technologies will be deployed by the company simultaneously: a high-efficiency electrical submersible pump (ESP); a hydraulic drive for a Geiser sucker rod pump; equipment for separated pumping of liquid into wells to help operate several formations simultaneously; new geophysical equipment and also a system of sensors to optimize drilling processes.
In 2011 TNK-BP invested $320 mln in technology and innovation development in such areas as exploration and development of reserves; wellwork and drilling; oil production; energy-efficient equipment and enhancement of infrastructure efficiency. The pilot production portfolio included ca. 120 pilot projects this year with work carried out on approximately 1,000 wells. Over 60 successful projects are already being scaled up.
According to Francis Sommer, TNK-BP Senior Vice President, Operations and Technology, Orenburgneft plans to expand its new technology programme this year and deploy 40 innovative technolgies. “We want to test 20 new technologies and scale up another 20 methodologies that have been successfully trialed”, he said. “There will be a special focus on wellwork, as it is this area that generates additional oil production.”
Source
Tags: ESP, francis sommer, geiser, Orenburg, Orenburgneft, reserves, TNK-BP
Posted in TNK-BP INVEST $170 MLN NEW TECHNOLOGIES ORENBURG REGION 2016 |
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