TNK-BP has been implementing a large-scale program aimed at production development in the mature fields of the Orenburg Region, one of the oldest petroleum provinces in Russia which has been exploited for over 75 years. In 2012, TNK-BP invested over 34 bn rubles in the hydrocarbons production development in this region and plans to increase investment to 35.6 bn rubles in 2013.
"Orenburgneft takes consistent efforts to efficiently develop its assets. Commissioning of new fields and application of state-of-the-art technologies for the development of brownfields are the main drivers for the long-term exploitation of the oil and gas resources in the Orenburg region – one of the key regions for TNK-BP," said Igor Rustamov, General Director, OJSC Orenburgneft.