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TNK-BP invests USD233 M in Rospan development in 2012

TNK-BP has been consistently implementing the unified full field development plan for the Achimov formations of the Rospan fields

MOSCOW, January 21 (Itar-Tass) – TNK-BP informs that the cumulative gas production of ROSPAN INTERNATIONAL (a TNK-BP Group company) amounted to 30 billion cubic metres. According to the preliminary estimates, the company produced 3.5 billion cubic metres of gas in 2012, the company said on Monday, January 21.

TNK-BP has been consistently implementing the unified full field development plan for the Achimov formations of the Rospan fields. The first development phase includes drilling and construction of 276 new development wells and the construction of a gas and condensate treatment unit, export pipelines and a railroad loading terminal at the station of Korotchaevo. By 2040, the overall project investment will exceed 7 billion U.S. dollars. In 2012 the Company doubled its investment in Rospan development, putting 233 U.S. dollars into the project.

“The development of the unique resources of the Urengoiskoe field plays a key role in the implementation of TNK-BP’s gas strategy. In 2013, the project will commission 11 more wells, which will help to maintain the achieved gas production levels and lay foundation for future production growth. By 2020, Rospan will produce 16 billion cubic metres of gas,” Alexander Sleptsov, Acting General Director of ROSPAN INTERNATIONAL, said.

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