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TNK-BP announced a three years $700 million investment plan on power generation

TNK-BP plans to invest more than $700 million on power generation over the next three years to reduce flaring of so-called associated gas, the company said in an e-mailed statement today.

 

 

TNK-BP plans to invest more than $700 million on power generation over the next three years to reduce flaring of so-called associated gas, the company said in an e-mailed statement today. “The key objective for TNK-BP is to substantially increase the share of captive power generation and grow the volume of associated petroleum gas utilisation,” TNK-BP said.

 

Producing more of its own electricty will “improve hydocarbon production and processing performance,” the company said according to a Reuters report.

Source : Upstream