invests

The investment decision follows an agreement with the Government of Azerbaijan to extend the life of the ACG field until 2049. The new platform, called ACE (Azeri-Central-East), will be integrated with existing infrastructure. It is designed to process up to 100,000 barrels of oil per day and expected to produce …

TNK-BP informs that the cumulative gas production of CJSC ROSPAN INTERNATIONAL (a TNK-BP Group company) amounted to 30 bcm. According to the preliminary estimates, the company produced 3.5 bcm of gas in 2012. TNK-BP has been consistently implementing the unified full field development plan for the Achimov formations of the …

ТNК-ВР is completing the front-end phase of its Yamal Oil Pipeline Project, in which the company has invested more than $80 million in 2011 and 2012. The money was used to fund conceptual design, front-end engineering and the early construction operations on the pipeline and associated infrastructure. The 374-kilometer Yamal …

TNK-BP informs that the total investment in the comprehensive pipeline repair and replacement program commenced in 2004 exceeded $1 billion. About 70% of this amount was used to ensure the integrity of the in-field oil pipelines operated in the Samotlorskoe field (Russia’s biggest oilfield). The overall length of the field’s …

TNK-BP informs that its investment in the development of retail sites chain in Ukraine in 2012–2013 will amount to $58 million. At the moment, the Company is executing 35 rebranding and reconstruction projects at retail sites in Ukraine: 23 gas stations are undergoing rebranding to Orange Dot format; construction and …