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TNK-BP TO IMPLEMENT 70 INNOVATIVE PROJECTS IN ORENBURG IN 2011

TNK-BP subsidiaries in Orenburg (OAO Orenburgneft and OOO Buguruslanneft) are planning to complete 70 innovative projects in the region by the end of the year. Application of unique new technologies would make it possible to produce additional 156,000 tons of crude and get an economic effect of RUR 805 million.

Last year, the Orenburg-based subsidiaries of TNK-BP completed 24 innovative projects covering well drilling, subsurface and development, surface infrastructure and wellwork with an incremental production of 76,000 tons.

According to Valery Batrashkin, OAO Orenburgneft General Director, 31 pilot projects are pending completion. “Some of the technologies we piloted may subsequently be rolled out across the whole Company’”, he stressed.

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