Rosneft Repays Part of a Loan Arranged for ТNК-ВР Acquisition
Rosneft announces it repaid part of a loan obtained earlier from a group of international banks to finance the acquisition of TNK-BP. With the early repayment announced earlier, the overall amount paid towards the settlement of the principal debt totaled around USD 5.1 billion. Igor Sechin, President of Rosneft, commented: …
RORC to Increase Autogas Output by 30% in 2013
ТNК-ВР reports that in 2013 CJSC Ryazan Oil Refinery Company (part of the ТNК-ВР Group) plans to increase production of autogas (automobile propane-butane) by 30% – to 3.9 k tons. TNK-BP is consistently implementing a large scale program to upgrade RORC capacities and implement new technology to increase production efficiency. …
ТNК-ВР Invests 15 Million Rubles in Expanding Unmanned Aerial Vehicles Fleet in KhMAO Fields
ТNК-ВР informs that OJSC ТNК-Nyagan (TNK-BP Group of Companies) has invested over 15 mln rubles in the creation of a four unmanned aerial vehicles (UAV) fleet within the 24/7 aerial monitoring program for the Company fields in KhMAO. TNK-BP is consistently implementing the intelligent oil production management system across …
ТNК-ВР Agrees on the Way Forward to Better HSE Performance
ТNК-ВР key production asset managers and chief engineers from all the operational regions and HSE team leaders met in Orenburg to discuss HSE Excellence Strategy. TNK-BP is committed to further raising the performance bar for corporate HSE processes as one of its key priorities. The Company invests millions of dollars …
ТNК-ВР Strikes Oil in Malouimskoye Discovery in Uvat
ТNК-ВР has discovered a new Malouimskoye oil field with about 5 million tons of recoverable oil. ТNК-ВР has been implementing an organic production growth program to deliver annual 1-2% of incremental oil production, backed with hefty investments in development drilling, innovative enhanced oil recovery technology, and exploration. The program for …
ТNК-ВР Invests Over $80 million into Yamal Oil Pipeline System in 2011 and 2012
ТNК-ВР is completing the front-end phase of its Yamal Oil Pipeline Project, in which the company has invested more than $80 million in 2011 and 2012. The money was used to fund conceptual design, front-end engineering and the early construction operations on the pipeline and associated infrastructure. The 374-kilometer Yamal …
ТNК-ВР Investing $800 Million in 2012 to Develop Uvat Greenfields in West Siberia
ТNК-ВР is expected to invest as much as $800 into its Uvat upstream projects in 2012 to support deployment of innovative production technology, develop related infrastructure and continue exploration. ТNК-ВР is pursuing an organic growth strategy to step up its hydrocarbon production by 1-2% every year. Uvat has been consistently …