Moscow, 19 June 2012 - TNK-BP will invest around 200 mln
rubles into an exploration programme in the Saratov region
before the end of 2012. 126 mln rubles have been used to
this end in the first quarter.
Currently, OJSC Orenburgneft (a TNK-BP group company)
continues works to develop Kulikovsky and Kameliksky
licensed fields in the Perelubsky district of the Saratov
region. As a result of drilling 2 exploration wells, an oil
and gas condensate field has been discovered in Kulikovsky
block. 3D seismic exploration works have been carried out
in Kameliksky block covering 730 km2 and 2D seismic works
were carried out on 100 meters; 2 structures are ready and
preparation to drill the exploration wells has begun.
OJSC Orenburgneft Exploration Department Director, Nikolay
Bachurin said: "Saratov and Orenburg regions are located in
territories with similar geological structures. In
Kulikovsky and Kameliksky fields, crude and condensate is
expected to be around 14 mln tonnes, and gas - around 18.7
Information for editors:
TNK-BP is Russia's third largest oil company and is owned
by BP and the AAR consortium (Alfa Group/Access
Industries/Renova) on a parity basis. Additionally, TNK-BP
owns approximately 50% of the Russian oil and gas company
Slavneft. TNK-BP's share in Russia's oil production
(including its share in Slavneft) is about 16%. The
Company's total proved SEC LOF reserves are 9.115 billion
BOE as of December 31, 2011.
OJSC Orenburgneft includes NGDU Sorochinskneft, and
Zaikinskiye Gas Processing Plant (ZGPP). Buguruslanneft LLC
is TNK-BP's oldest company in Orenburg, where first
industrial oil production began 74 years ago. The aggregate
production of these companies was above 20 mln tonnes of
oil in 2011. TNK-BP group companies in the Orenburg region
have 92 licensed fields.
References to "TNK-BP" or "the Group" mean "TNK
International and the Company's consolidated subsidiaries"
unless the context requires a different reading.
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