TNK-BP Announces Expansion Plans

Thursday, Jan 14, 2010

Encouraged by Orenburg’s growth, TNK-BP plans to expand its reserves base into the adjacent Samara and Saratov regions, where it holds licences for several new fields. Orenburgneft will receive $70 mln for exploration this year from its parent company — as much as TNK-BP plans to spend exploring Uvat in the southern region of Tyumen, which has been producing since February 2009.

http://www.tnk-bp.com/press/news/2010/1/1548/

Source: TNK-BP

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