TNK-BP has approved energy-saving program with economic effect of $321 mln

This saving is to be reached due to package of measures (above all in Upstream), aimed at introduction of new technologies, optimization of existing processes and infrastructure modernization.
The program key areas are associated formation water shut-off in active well-stock, optimization and reengineering of surface infrastructure, artificial lift energy efficiency improvement, and higher waterflooding efficiency.
In 2011 within the new equipment and technology testing program it is planned to purchase different types of energy-saving equipment for artificial lift in the amount of $9 MM and allocate $2.8 MM for modernization of high-pressure pumps. Based on field tests results a program will be developed for wider application of energy efficient equipment.
Besides, TNK-BP is planning to allocate $37 MM for implementation of water shut-off projects in active well-stock, including $26 MM for pilot projects and $11 MM for roll-out of already tested efficient projects.
Energy efficiency improvement plans also provide for implementation of package of measures in refining. By 2020, TNK-BP plans to lower irrecoverable losses in oil refining 3 times as compared to 2010 and reach energy efficiency in Downstream at the level of world leading refineries.
“Use of new energy-saving technologies and equipment, modern engineering solutions and new approaches to technological process organization will enable TNK-BP to reduce considerably spending on energy resources being one of our most significant cost items , – said Mikhail Slobodin, TNK-BP Vice President, Gas and Power. – In the long term this will enable the company to reach electric power saving of 15-20%. Key task to reach the objectives declared is the Company’s active position with regard to search and introduction of new innovative developments and breakthrough technological solutions aimed to improve energy efficiency”.