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TNK-BP To Develop Oil Fields in Russian Tyumen Region

TNK-BP is going to start commercial development of two fields in the southern part of the Tyumen Region - the Urnenskoe and Ust-Tegusskoe fields in the first part of 2009 German Khan, Executive Director of TNK-BP, said at the press conference held yesterday together with Vladimir Yakushev, Governor of the Tyumen Region

German Khan told the reporters that the company plans to lay 24 kilometers of the pipeline and check its serviceability by February 1. Later this year it is expected that a central oil gathering facility and 70 wells will be completed.

Khan also added that these two new fields in the eastern part of the Uvat group of fields will produce 2 million tons of oil by the end of the year.

After the launch of other license areas of the company, oil production will reach 10 million tons a year.

Tyumen Region Governor stressed that TNK-BP is meticulously fulfilling its obligations of oil production in the region.

The company has no intention to curtail its investments into construction of infrastructure facilities in the Uvat fields.

Approximately $2.5 billion will be invested into implementation of the Uvat project by 2010.

The Uvat group of fields is situated in 400 km from Tyumen in a swamped area. Development of these fields is complicated by the absence of year-round access to them. Equipment and materials are delivered to the fields by winter roads.

Author: Ksenia Kochneva