TNK-BP To Invest $170m in New Technologies In the Orenburg Region by 2016
OJSC Orenburgneft plans to invest $170 mln in a programme to deploy new technologies by 2016. The Company’s focus areas include boosting reserves and optimizing field developments; well work and drilling; energy-saving equipment and improving the efficiency of field facilities. During 2011 around 40 technology projects were reviewed, 14 of …
Over 250 companies attend TNK-BP’s contractor day for Yamal Projects
TNK-BP has held a Contractor Day in Moscow for its oil and gas projects in Yamal and northern Krasnoyarsk Region for the company’s current and potential future contractors. It was attended by over 250 Russian and foreign companies representing various industries. TNK-BP presented its oil and gas development projects in …
BP Raises Dividend as Operational Momentum Returns
BP group chief executive Bob Dudley today said that returning operational momentum and strong cash flow generation in 2011 gave the company increasing confidence in its plans to grow value for shareholders. As BP reported its results for the fourth quarter and full year 2011, Dudley said: “BP is on …
TNK-BP and Tyumen Region confirm cooperation parameters for 2012
TNK-BP and the government of Tyumen Region have signed a protocol to their Strategic Partnership Agreement, confirming the parameters of interaction between the company and the region in 2012. TNK-BP is working on one of the biggest oil & gas projects in the region, developing the Uvat group of fields …
TNK-BP ACQUIRES A NETWORK OF 8 SERVICE STATIONS IN THE TVER REGION
TNK-BP Acquires a Network of 8 Service Stations in the Tver Region The purchased service stations are located on major federal highways M10 “Moscow–Saint Petersburg” and M9 Baltia “Moscow–Volokolamsk” and in the vicinity of the heavily populated areas of Tver, Konakovo, and Mokshino. The total number of TNK service stations …
TNK-BP STARTS FIRST OFFSHORE DRILLING OPERATIONS ON LAN DO FIELD DEVELOPMENT IN VIETNAM
TNK-BP announced today that the Group has commenced its first offshore drilling operations on the Lan Do field development project offshore Vietnam. The Lan Do 2P well was spud on Saturday 14th January 2012. Lan Do field contains 2 vertical sub-sea wells at a water depth of about 185 meters …
TNK-BP’s Board Directors Meeting: Greenfield Production and Dividend Up, Two Board Members Leave
The Board of Directors of TNK-BP Limited, the main holding company of TNK-BP Group, held a regular board meeting on 9 December, 2011. The members of the Board reviewed TNK-BP’s operational and financial performance in 2011 and noted that increased production at the Company’s greenfield projects, greater refining volumes as …
TNK-BP: Managing Exploration Risks & Uncertainties
Alexander Fokin, Acting Exploration Assurance Dept. Director, International Projects and Exploration Division Group, Upstream The concepts of ‘exploration risk’, ‘uncertainty’ and ‘probabilistic evaluation’ play a key part throughout the exploration process. These are critical factors that provide the basis for planning, assessment of exploration and appraisal (E&A) success rate, screening …
TNK-BP’s ANDREI YANOVSKY RECEIVES ARISTOS 2011 PRIZE FOR BEST HR DIRECTOR
TNK-BP announces that it`s Vice President, Human Resources and Organizational Development, Andrei Yanovsky, has been awarded the Aristos 2011 prize in the “Best Human Resources Director” category for the Company’s highly efficient HR policy. The prize is organized by the independent Managers Association, which aims to introduce international business standards …
TNK-BP TO IMPLEMENT 70 INNOVATIVE PROJECTS IN ORENBURG IN 2011
TNK-BP subsidiaries in Orenburg (OAO Orenburgneft and OOO Buguruslanneft) are planning to complete 70 innovative projects in the region by the end of the year. Application of unique new technologies would make it possible to produce additional 156,000 tons of crude and get an economic effect of RUR 805 million. …