TNK-BP has completed seismic exploration of all of its fields in the Astrakhan region: Svetlosharinskoye, Kirikilinskoye and Vatazhnoye Severnoye, the company reported in a news release. The company conducted 2D seismic at a depth of 1,400 km, as well as a geoelectric survey and other geological surveys. Currently the data that was gathered is being analyzed. TNK-BP used the most advanced technology available during the seismic exploration at the Vatazhnoye Severnoye and Kirikilinskoye fields. The fields are located in the environmentally sensitive Volga delta, close to specially protected natural territories and internationally important wetlands. Furthermore, the company did not drill or use chemicals that could damage the local fishing industry.
“TNK-BP is determined now and in the future to handle environmental protection in the Volga delta with care when conducting geological work and the subsequent oil and gas production. We completed a series of surveys and the results have given us justification for drilling the first prospect well in the Astrakhan region. We plan to begin the drilling in 2011”, — said Francis Sommer, Executive Vice President, Technology, TNK-BP. TNK-BP acquired three 25-year licenses to develop fields in the Astrakhan region at an auction in 2006.
TNK-BP is Russia’s third largest oil company, 50 percent owned by BP and 50 percent owned by the AAR Consortium (Alfa Group, Access Industries and Renova). TNK-BP also owns close to 50 percent of another Russian oil and gas company, Slavneft. TNK-BP accounts for approximately 16 percent of Russia’s production (including its share of Slavneft). SEC proved reserves (life of field basis) were 8.586 billion barrels of oil equivalent as of December 31, 2009. TNK-BP is one of the major consumers of seismic data. In 2010, 6,500 square kilometers will be covered by 3D seismic survey and 6,000 by 2D seismic survey.
