Orenburgneft to Invest about 1 Billion Rubles in the Construction of Power Transmission Lines to Pervomayskoe and Bobrovskoe Fields

TNK-BP informs thatOJSC Orenburgneft (a TNK-BP Group company) will invest about 1 bn rubles in the construction of power transmission lines in the Buzuluk District. The project is aimed at provision of additional capacity for the development of the Company’s Pervomayskoe and Bobrovskoe fields.

Orenburgneft has taken a consistent approach to creating capacity for production efficiency enhancement; a similar project has already been implemented at the Pokrovskoe field of the Company. This project is part of the bigger program aimed at improving brownfield production efficiency in the Orenburg Region.

The length of the power transmission line will be about 70 km. The construction is to be finished in January 2014. Then, the new power transmission line will be connected to Yuzhnaya 220 kV substation, which belongs to Volga Bulk Power Systems (OJSC Federal Grid Company Branch).

The implementation of this project will provide additional capacity and compensate the energy deficiency not only at the Buzuluk District fields, but also in Buguruslan and Sorochinsk areas, giving new momentum to the development of oil production in the Orenburg Region and significantly improving operational efficiency.

Source