Exploration success of TNK-BP: new oil deposits discovered totaling 32 Million tonnes
On 29 November the Government of the Tyumen region, Russia, has made an announcement on considering and confirming reserves for seven new oil deposits discovered in the south of the region. Five of these new deposits, totaling about 32 million tonnes, were discovered at the licence sites belonging to TNK-BPÂ Group, one of the largest oil and gas industry companies operating globally and based in the British Virgin Islands. The company has recently signed co-operation agreement with Russian Federal Agency.
Aggregate oil resources in the south of Tyumen now exceed 1 billion tonnes; the 1 billionth tonne of crude oil in the region was discovered by the subsidiary of TNK-BP, which is generally the major investor in Tyumen’s oil and gas industry.
Robert Dudley, the President and CEO of TNK-BP Group, has commented: “It is pleasing to have tangible exploration success … for our company these discoveries will help our ongoing transition from being a predominantly brown field producerâ€.
The state committee approved calculations of oil in place for two other deposits in the south Tyumen region, which enables TNK-BP to start their development.
TNK-BP was announced the winner in the “Fuel and Energy Complex†nomination during the official Awards Ceremony for the “Company of the Year 2006†National Prize in the field of business, which took place on 28 November 2006. ”Victory in the “Company of the Year†awards is evidence of the high assessment of the quality of our work in such a technological and resource-rich sector as the fuel and energy complex,’ stated TNK-BP Vice-President Vladimir Ruga.