TNK-BP

TNK-BP is actively helping to develop and strengthen the Olympic movement in Russia and providing assistance to athletes preparing to represent the country in the 2012 and 2014 Olympic Games. TNK-BP is actively helping to implement a range of programmes to support athletes, coaches and specialists in the Company’s regions …

TNK-BP announces that PetroMonagas, a joint venture between TNK-BP (16.7%) and Venezuelan state company PDVSA (83.3%), has increased its production of viscous oil by 11% since the start of the year to the target level of 130,000 barrels per day. The Company is consistently growing its production volumes in line …

This June, 16 suppliers and contractors contacted TNK-BP’s Conflict Resolution Commissions, which regulate disputes between TNK-BP companies and contractors. Seven appeals were processed and nine are currently being examined. Complaints about pre-qualification processes and selection of contractors were submitted to the following Conflict Resolution Commissions: West-Siberia, Orenburg, Saratov, Sibir and …

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 …

TNK-BP announces that as of July 01, 2012 the Saratov Oil Refinery (SNPZ – a subsidiary of TNK-BP) and Yaroslavnefteorgsintez (YANOS forms part of Slavneft, which is owned by TNK-BP and Gazprom Neft on a parity basis) had been fully converted to the production of Euro-5 environmental class motor fuels. …

The project, which TNK-BP is carrying out together with Schlumberger, one of the world’s leading oilfield service firms, involves implementing a set of original technological solutions: waterflood management, horizontal drilling using multi-stage hydraulic fracturing and other advanced technologies. The Severo-Khokhryakovskiy field is characterised by tight formations with a high heterogeneity …

TNK-BP has conducted a Regional Counsel meeting on cooperation with contractors and suppliers in Saratov on the preparations for and conduct of capital repair works at Saratov Oil Refinery (SOR, part of the TNK-BP group of companies). Managers of TNK-BP’s Supply Chain Management Division and more than 40 business partners …

TNK-BP’s conflict commissions, which were set up in late 2010 to settle disputes with the Company’s contractors, are trusted by over 70% of suppliers and contractors, according to the findings of an independent study by the Institute of Strategic Communications (based in Yekaterinburg). A survey of 1,200 contractor companies across …

TNK-BP reports that a positive effect of $11 mln is expected as a result of the long-term program for loss reduction at the Company’s refining assets in 2012. The Company has been consistently implementing projects aimed at enhancing refineries operational excellence along three key directions: reduction of irrecoverable losses and …

CJSC Rospan International (part of TNK-BP Group) has got new commercial oil flow at exploratory well 25 of Tagulskoe field thus confirming the field geological model, which will allow enhancing the field development performance. The model of Taguslkoe, with estimate oil reserves at 1.7 bln bbl (3P PRMS), has been …