TNK-BP

ТNК-ВР continues transferring best international technologies to enhance development of its hydrocarbon fields in Russia. OJSC Samotlorneftegaz (SNG), a subsidiary of TNK-BP, has launched a pilot project to test innovative reservoir stimulation technology, which combines hydraulic fracturing with cutting-edge CarboNRT traceable proppant. Altogether, the 2012 program includes 20 fracturing jobs …

TNK-BP Group warns of possible risks arising from cooperation with unscrupulous market participants which claim to act on behalf of the Company. In relation to claims from companies which receive offers from unknown people acting allegedly in the name of the Company’s subsidiaries, to conclude supply contracts, TNK-BP informs that: …

TNK-BP annouced that LLC “TNK-Uvat” is commencing development of Yuzhno-Petyogskoe field in the southern Tyumen Region and plans to commission the field before the end of 2013. The company will allocate ca. 2.5 bln rubles for exploration and production infrastructure construction this year. Yuzhno-Petyogskoe is located in the territory of …

TNK-BP would like to announce that Andrey Gigovskiy has become General Director, Koltsovo Fueling Company, PSC in Ekaterinburg. In his new role Andrey will be responsible for commercial activity of the fueling company, enhancement of the enterprise potential and efficiency. Andrey has been working in the Company since 2005 and …

TNK-ВР informs that 10 meetings of Conflict Resolution Commissions for supplier and contractor relations were held in 1Q 2012 which reviewed 20 claims submitted by the existing and potential counterparties of the Company. In 2012, TNK-BP will allocate $7.5 bln to purchase materials and services with 80% of the Company’s …

“TNK-Uvat” (a member of the TNK-BP group of companies) is to cut the cost of drilling 15 horizontal wells at the Ust-Tegusskoe field by $19.2 million by deploying a new drilling technology. The new technique, known as mini-pilot hole horizontal well drilling, eliminates the labour-intensive procedure of “truncation” and drilling …

TNK-BP announces that it energy saving programme achieved savings of $109 mln in 2011. Following the adoption of an energy optimization programme in March this year, the Company plans to substantially reduce its energy supply costs by cutting operating expenditure, energy trading, building in-house power generation facilities and optimizing capital …

TNK-BP will invest $16 million in development of Tyumen Petroleum Research Center (TNNC). The money will be spent on TNNC geological studies program. TNNC accumulates all data bases on geology and specifics of the Group fields development. It also develops geological and reservoir models as a basis for exploration and …

TNK-BP is retaining its leadership in the Russian goods and services market, with plans to spend $7.5 bn in 2012. The Company will place around 80% of its total orders for equipment and materials with Russian suppliers. Implementation of TNK-BP’s major programmes, including its flagship projects in Yamal and northern …

TNK-BP reports Verkhnechonskneftegaz (VCNG) (a TNK-BP Group company) will allocate more than $12 mln for exploration in Verkhnechonskoe field in 2012 to add reserves. The work program includes drilling of 18 prospect/water wells and seismic exploration. Verkhnechonskoe field is a new hydrocarbon production center in East Siberia and a major …