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TNK-BP announces discovery of new fields in Orenburg rgn

In 2012 TNK-BP has invested over 3 billion roubles in exploratory drilling – 48 percent more than last year

Photo EPA/ITAR-TASS

Photo EPA/ITAR-TASS

MOSCOW, December 21 (Itar-Tass) —— TNK-BP has announced the discovery of new oil fields in the Pokrovsko-Sorochinskiy and Radovskiy blocks in Orenburg Region, with estimated potential recoverable reserves of 4 million tonnes in the ABC1 category and 1 million tonnes in the C2 category.

The future development plan for the new fields includes a detailed appraisal of the acreage to ensure that the reserves are recovered as efficiently as possible.

The new fields were discovered on the basis of 3D seismic surveys. TNK-BP is implementing a major programme to stabilise production at its brownfields – Orenburgneft and Buguruslanneft’s fields have been producing for over 75 years and are among the oldest oil fields in Russia.

In 2012 TNK-BP has invested over 3 billion roubles in exploratory drilling – 48 percent more than last year. In 2013 the company plans to continue exploration and appraisal drilling in licence blocks operated by Orenburgneft and Buguruslanneft, the ocmpay said on Thursday, December 20.

“Orenburgneft has a high success rate of over 75 percent in exploration and appraisal drilling, compared to the industry average of 50 percent. The application of new technologies is not only helping to meet production targets, but also opens up new development opportunities”, Oleg Dimov, TNK-BP Vice President and Director of the TNK-BP Branch in Orenburg, said.

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