Alexander Dyukov Elected Chairman of Slavneft’s Board of Directors
On March 5, 2013, the new membership of Slavneft’s Board of Directors elected Alexander Dyukov, Chairman of the Management Board, General Director, OAO Gazprom Neft to be the new Chairman of the Board of Directors of OAO NGK Slavneft. At this position he replaced German Khan, Executive Director, OJSC TNK-BP …
TNK-BP Increases Estimated Recoverable Reserves at Tarkhanovskoe Field by 50%
ТNК-ВР reports that it has seen oil flow to surface at the Tarkhanovskoe field in the Orenburg region. As a result of implementing new drilling technology a flow rate of 150 t/day was seen from well # 10. This allowed increasing the estimated recoverable reserves of the Tarkhanovskoe field by …
TNK-BP to Invest 4.4 Billion Rubles in Orenburg Region Exploration in 2013
ТNК-ВР reports that in 2013 it will allocate 4.4 bn rubles to implement exploration programs in the Orenburg region. TNK-BP is implementing a large-scale program to stabilize production in brownfields, including Orenburgneft and Buguruslanneft fields that have been developed for more than 75 years and belong to the oldest producing …
TNK-BP to Invest $64 Million in Drilling Program Expansion in KhMAO in 2013
TNK-BP informs that it will invest approximately $64 mln in the expansion of its drilling program at Varyoganneftegaz sites in 2013. TNK-BP has been implementing a strategy of introducing new technological solutions to stabilize production at the Company’s brownfields in West Siberia. By 2016, the Company will invest the …
TNK-BP to Commission a 72 MW Gas Turbine Power Plant in KhMAO
TNK-BP informs about the start of precommissioning of a gas turbine power plant with a rated capacity of 72 MW in OJSC TNK-Nyagan. The Company invested 5 bn rubles in the construction project. Precommissioning is ongoing, the official start-up is planned for March 26. The Company has been implementing …
New Technologies Lift TNK-BP’s Oil Production by Roughly 2.3 Million Tonnes in 2012
TNK-BP announces that it achieved an overall increment of over 2 million tons in 2012 by deploying new oil production technologies – more than twice the figure for 2011. TNK-BP is consistently implementing a comprehensive program to enhance the efficiency of field development work in all its upstream assets. A …
Rosneft Signs Loan Agreements Worth $14.2 Bln with Group of International Banks
On February 13, 2013 Rosneft signed loan agreements for the total amount of U.S. $14.212 billion. The financing will be used to acquire a 50% stake in TNK-BP Ltd. from AAR (Alfa, Access, Renova) Consortium. The cost of the financing that is being arranged is one of the lowest at …
TNK-BP Increases Investment in Environmental Programs by 40% in 2012
ТNК-ВР informs that investment in environmental protection in the Orenburg region has increased 40% based on 2012 results to amount to over 520 mln rubles compared to 2011. TNK-BP is consistently implementing a comprehensive program aimed at minimizing the impact of its operations on the environment. The Company is …
TNК-ВР Identifies Best HSE Projects for 2012
ТNК-ВР has announced the best Health, Safety and Environment (HSE) projects, which became the winners of the annual TNK-BP Board of Directors Chairman’s Award for 2012. TNK-BP operates in accordance with the best international HSE standards and pays special attention to supporting the employees’ projects aimed to improve the environmental …
TNK-BP Wins Auction for Yuzhno-Uzunsky Subsoil Block in Nefteyugansky District
TNK-BP announces that OJSC Nizhnevartovskoe Neftegazodobyvayuschee Predpriyatie (a TNK-BP Group company) has won an auction for development rights to the Yuzhno-Uzunsky subsoil block (estimated C1+C2 reserves – 1.4 million tons). By the end of 2013, the Company will perform a detailed analysis and evaluation of the block’s reserves before …