TNK-BP to Finish Drilling 6 Wells at Russkoe Field in 2012 in Preparation for Full Field Development in Yamal

Февраля 01, 2012

TNK-BP is to finish drilling six wells at the Russkoe field in Yamal-Nenets Autonomous Region in 2012 as part of its preparations for full-scale development of its oil and gas fields in Yamal. Intensive commercial operation of the Russkoe field is planned for 2017.

The field has 3P PRSM recoverable reserves of 2.25 billion barrels. The oil will be pumped into the Zapolyarnoe - Purpe - Samotlor pipeline, construction of which will enable the Company to begin accelerated development work on all 5 of its Yamal oil fields: Russkoe, Suzunskoe, Tagulskoe, Russko-Rechenskoe and Messoyakhskoe. These fields are expected to account for up to 20% of TNK-BP’s oil production by 2021.

TNK-BP is holding a presentation of the Yamal project in Moscow on February 8 to get its current and potential new contractors and suppliers engaged in this unique project.

According to Thomas Quigley, TNK-BP Vice President, Yamal Oil Area, the commencement of full-format development in Yamal is a “huge step forward for the company. It would be unthinkable for a single contractor to take on this project”, he said. “We are therefore planning to execute it with the involvement and support of dozens of partners”.