The Russian-British company TNK-BP is going to increase its oil production in the framework of the Uvat project in 2010 by 37%, compared to 2008, up to 4 mln tons, the press service of the company quoted the words of Andrei Rublev, General Director of TNK-Uvat. Mr. Rublev said that commercial development of two new fields of the Uvat group – the Urnenskoe and Ust-Tegusskoe fields was started in early February 2009.“Thus, we added two more fields to the Kalchinskoe field, which so far was the only producing field in the Tyumen Region, and produced 2 mln tons of oil in these new fields. This is our main success in 2009,” he said.
VTB Bank granted a credit limit of 26.8 bln rubles to TNK-BP, according to the bank’s statement. Earlier, VTB Bank offered a credit of $50 mln to TNK-BP for a period of six months within the established credit limit. The credits were taken for financing the current economic activities of the company. Apart from that, the two parties have signed an agreement on a revolving credit line of $200 mln for a period of 1.5 years.
The Russian-British company TNK-BP will send its first tanker with oil of the ESPO (East Siberia–Pacific Ocean) grade from the new seaport Kozmino, the terminal point of the East Siberia–Pacific Ocean oil pipeline, on January 1–2, 2010, the press service of the company informed.
TNK-BP sold 29,880 tons of oil products, including 16,380 tons of diesel fuel, 10,980 tons of Ai—92 gasoline and 2,520 tons of Ai—95 gasoline, in the latest auction of large lots of oil products at the Saint Petersburg International Commodity Exchange on Tuesday, the press service of the company told to the Petroleum Information Agency (ANI). This was the last auction of the company this year at the Saint Petersburg International Commodity Exchange.
Maxim Barskiy was on his way from a three-week holiday in Australia flying via Tokyo with his family last autumn. Newspapers were offered to passengers aboard the plane. Barskiy took Vedomosti. He read that TNK-BP shareholders had decided not to appoint Denis Morozov, former Finance Director of Norilsk Nickel, to the position of Company President, and said to his wife: ‘You know, actually, I am well suited. I am their ideal candidate!’ On the following day, Maxim got a phone call from Ward Howell with an invitation to come for an interview about his potential employment with TNK-BP.
Maxim Barsky, former investment banker and TNK-BP’s future CEO, promised to turn the Russian-British venture into Russia’s largest private oil company, claiming he was not a henchman of any of the shareholder groups involved in the recent conflict.
The Russian-English TNK-BP plans to increase its oil production by almost 3% next year up to 71.8—72 million tons. For this purpose, up to $3.5 bln will be invested in Upstream, and exploration investments are to double. Analysts believe, TNK-BP and Rosneft may become industry leaders next year in terms of increasing production growth rate.
On January 1, the future head of TNK-BP Maxim Barsky will become a deputy to the company’s current CEO Mikhail Fridman. His main objective is to turn TNK-BP into the most expensive private oil company in Russia. Barsky’s bonus is tied to the company’s value growth.
The United Kingdom’s special representative for international trade and investment, Prince Andrew the Duke of York, voiced hope during a meeting in TNK-BP’s offices that relations between the oil company’s Russian and British shareholders, like those between Russia and the UK, will in time become global.