TNK BP Invest 2bn Rb into Varyoganneftegaz – 40 Well Pads to be Constructed
OJSC Varyoganneftegaz (a TNK-BP group company) will invest over 2 billion rubles in 2012 into field infrastructure projects in West Siberia. The company will build around 109 new and overhaul another 100 existing facilities. The task for the builders this year is to construct 40 well pads to accommodate the …
TNK-BP Ready for Fire Season in East Siberia and Tyumen Region
TNK-BP has completed its preparations for the fire season in East Siberia and Tyumen Region within the framework of an integrated industrial safety program to be implemented at all facilities of the Company in summer. Vercknechonskneftegas, the company responsible for development of the Verkhnechonskoe field in Irkutsk Region, has arranged …
TNK-BP Reports Strong Q1 Results but Profits Dip
TNK-BP reported its results for the first quarter of 2012. Mikhail Fridman, Executive Chairman of TNK-BP, said: “In the first quarter of 2012, TNK-BP achieved continued success in its focus on delivering operational excellence and sustainable growth. We increased production by 4% year-on-year to 2.037 million barrels of oil equivalent …
TNK-BP Invests $40.4 mln in Modernization of Uvek Fuel Depot in Saratov to Minimize Environmental Risks
TNK-BP announces that it is investing $40.4 mln in the modernization of loading racks for filling rail cars with light oil products at the Uvek fuel depot in Saratov Oil Refinery (part of the TNK-BP Group of companies) to minimize the facility’s environmental impact. The Company is fully automating its …
TNK-BP to equip 35 percent of producers at Varyoganneftegaz with new generation tubing
According to TNK-BP, Varyoganneftegaz (a TNK-BP company) expects to have up to 35 percent of producers equipped with new generation tubing by the end of 2013 to increase production efficiency. New generation tubing and state-of-the art technologies for protecting tubes with a special type coating will help materially increase meantime …
Varyoganneftegaz to Perform Well Workover Program in 2012 to Increase Oil Production
Varyoganneftegaz (a member of the TNK-BP Group) will carry out a large-scale well workover program in 2012 with an effect of production growth by more than 1 mln tonnes, which is 25% higher than the same figure of 2011. The company plans to reactivate idle wells and improve active well …
Era of Innovations by Molten
A Molten event “Era of Innovations” was held in Café Pushkin, Moscow, on April 18, 2012 for specially invited O&G professionals. Key experts, Molten clients and partners participated in the event, which was also attended by representatives of the leading Russian businesses and industry media, e.g. “Kommersant”, “Oil of Russia”, …
Russia Minister Threatens TNK-BP with Spill Damages
Russia’s Natural Resources and Ecology Minister Yuri Trutnev threatened on Thursday to claim damages from Anglo-Russian oil producer TNK-BP over spills in Siberia. Moscow-traded TNK-BP’s shares were down 4.8 percent at 1340 GMT after Trutnev’s threat, underperforming a 1.8 percent rise in the broader market. Trutnev, whose ministry has a …
TNK-BP Successfully Completes Its First Offshore Drilling Project on the Vietnamese Shelf
TNK-BP announced today that the group’s subsidiary TNK Vietnam has successfully completed the drilling of two development wells on the Lan Đỏ offshore field in Vietnam. TNK Vietnam began drilling operations on subsea development wells on January 14, 2012. Their construction on the Lan Đỏ field took 94 days to …
TNK-BP Held the First International Interactive Forum on Industrial Safety
TNK-BP held the first international interactive forum on industrial safety in its central office in Moscow participated by approximately 70 representatives of the company’s enterprises in Russia and throughout the world. The management of TNK-BP and the chief engineers of subsidiaries from all regions of company presence, including Belarus, Ukraine, …