Rosneft Posts Record 2012 Net Profit of RUB 342 Bln and Daily Hydrocarbon Production of 2.7 Mln Boepd, Signs Agreements on TNK-BP Acquisition
On 1 February 2013 Rosneft published its full audited consolidated IFRS financial statements for Q4 2012 and FY 2012. Key operating and financial highlights Q4 2012 Q3 2012 Change, % 2012 2011 Change, % Operating results Hydrocarbon production, th. boepd 2,823 2,729 3.4% 2,702 2,586 4.5% Crude oil production, th. …
TNK-BP Presents Integrated Mobile Multimedia Version of its Corporate Media
The “Zapadnaya Sibir” media holding (which brings together TNK-BP’s media assets) announces the launch of a mobile multimedia version of the Company’s corporate media. The application can already be downloaded from the AppStore and is optimized for use on all versions of iPad. Initially, the app will provide access to …
TNK-BP Increased Gas Production in the Orenburg Region by 26% in 2012
TNK-BP informs that OJSC Orenburgneft (a TNK-BP Group company) produced 3.4 bcm of gas in 2012, which is 26% more than in 2011. TNK-BP has been implementing a large-scale program aimed at production development in the mature fields of the Orenburg Region, one of the oldest petroleum provinces in Russia …
TNK-BP Helped Its Contractors to Enhance Transportation Safety in 2012
TNK-BP reports a significant improvement of transportation safety performance in 2012. The number of road traffic accidents caused by the Company drivers and contractors fell 19%, and their frequency declined by 18%. Transportation safety is one of TNK-BP’s unconditional priorities: the number of vehicles used in the Company operations comes …
TNK-BP to Allocate 145 Million Rubles for Social Investment in Orenburg in 2013
TNK-BP informs that in 2013 it will invest over 145 mln rubles in social and charity projects in the Orenburg region. In accordance with the agreement on socio-economic cooperation with the regional Government, the money will be used to build or recondition social facilities, support youth movements and organizations working …
TNK-BP to Invest $60 Million in Construction of Hydrocarbons Sulfur Removal Facility at RORC
TNK-BP reports that it will invest over $60 mln in the construction of a hydrocarbons sulfur removal facility at CJSC Ryazan Oil Refinery Company (RORC, part of the TNK-BP Group). The facility is planned to be commissioned in 2015. The construction is part of a large-scale program to upgrade RORC …
TNK-BP Invested $233 Mln in Rospan Development in 2012
TNK-BP informs that the cumulative gas production of CJSC ROSPAN INTERNATIONAL (a TNK-BP Group company) amounted to 30 bcm. According to the preliminary estimates, the company produced 3.5 bcm of gas in 2012. TNK-BP has been consistently implementing the unified full field development plan for the Achimov formations of the …
TNK-BP Increases Production within International Projects by 14% in 2012
ТNK-ВР reports that based on the 2012 results oil production within the Company international projects is estimated at 18 mln barrels, which is 14% more than a year before. TNK-BP is consistently implementing its program to increase production within the Company foreign assets. By 2020 the share of international projects …
TNK-BP Invests $3 Billion in the Verkhnechonskoe Field Development
TNK-BP informs that the cumulative investment in the development of the Verkhnechonskoe field amounted to approximately 90 billion rubles. In 2012, the Company increased its investment in the project to 18.5 billion rubles, which is 4% higher compared to 2011. The Verkhnechonskoe field is a new hydrocarbons production center in …
TNK-BP to Invest Over $40 Million in Varyoganneftegaz Pipelines Reconstruction
TNK-BP informs that the Company will invest over $40 mln in the implementation of the pipeline replacement program in Varyogannftegaz in 2013. The program includes replacement and reconstruction of more than 90 km of pipelines. TNK-BP takes continuous efforts to ensure pipeline infrastructure integrity; the comprehensive integrity program includes …