TNK-BP Introducing Best International Practices of EPC Projects Implementation in Russia
TNK-BP strives to improve the efficiency of major project implementation by introducing best international practices and mechanisms of major project “turnkey” contracting (ECP – Engineering, Procurement, and Construction). TNK-BP hosted an international conference where representatives of over 60 major foreign and Russian ECP contractors, oil and gas experts and …
TNK-BP to Invest $45 Million to Cut Emissions
ТNК-ВР will invest $45 million to revamp its flaring systems at the Ryazan Refinery (Ryazan Oil Refining Company, or RORC, part of TNK-BP Group). In 2012, the Company will spend $3 million with plans to ratchet it up to as high as $8.5 million in 2013. The program is …
TNK-BP Improving Safety Efficiency amongst Contractors and Suppliers
TNK-BP has held a discussion with its contractors in the Orenburg region on a programme of additional measures to improve their efficiency in the field of industrial safety. The issue of safety, as a vital factor in the precise fulfilment of business plans and provision of good-quality services to the …
TNK-BP Warns of Dishonest Recruitment Agencies Allegedly Acting on the Company’s Behalf
TNK-BP issues a warning to potential employees about dishonest recruitment agencies that promise to find jobs in TNK-BP companies in return for an up-front payment. We draw jobseekers’ attention to the following: There has recently been an increase in cases of information appearing on the websites of little-known recruitment …
TNK-BP and Russian Civil Defense Ministry to Create Unique Information Exchange System to Improve Safety in all Regions of Company Operations
TNK-BP and the Russian Federation Ministry of Civil Defense, Emergencies and Disaster Relief (EMERCOM) have signed an open-ended agreement on cooperation and the creation of an information exchange system as part of a program to improve industrial safety in all regions where the Company operates. The new system will …
TNK-BP and Weatherford Achieve 15% Increase in Efficiency of Drilling Complex Wells
TNK-BP announces that OJSC Orenburgneft (a member of the TNK-BP Group of Companies) jointly with leading global oil field services company Weatherford has successfully completed a pilot project to deploy a motorized drilling system called MotarySteerableSystem (MSS), which will help achieve a 15% efficiency gain when drilling wells with complex …
TNK-BP to Invest over $170 Million in Developing Brownfields using “Smart Field” System by 2016
TNK-BP announces that by 2016 it will invest over $170 million in an integrated program of automation and optimization of production at the Company’s mature fields. The “smart field” program involves the deployment of high-tech automated well control systems at TNK-BP’s brownfields. International experience shows that in certain cases …
Rosneft Board Approves BP Deals
A November 20 meeting of the Rosneft Board of Directors reviewed issues relating to the deals with BP. The Board of Directors: Approved Rosneft’s participation in TNK-BP Limited and TNK Industrial Holdings Limited; Approved Rosneft’s large deal to acquire a 50% stake in TNK-BP Limited and TNK Industrial Holdings Limited …
Rosneft signs definitive agreements to acquire a 50% stake in TNK-BP from BP
Rosneft today announces that it has entered into definitive agreements with BP for the purchase of BP’s 50% interest in TNK-BP in exchange for $17.1 billion in cash and 12.84% Rosneft shares currently held in treasury. The completion is subject to regulatory approvals, and is expected to occur in the …
TNK-BP to Commission a New 700-Million-Ruble Power Plant in Uvat
TNK-BP announces today it has begun integration testing of a new 15 MW gas-fired piston power plant (GPPP) at Ust-Tegusskoe field, part of the company’s Uvat project, after investing close to 700 million rubles into the project. Since 2009 the company has been on a wide-scale campaign to utilize its …