Moscow, May 22 2012 – TNK-BP discussed remediation of lands in the company’s fields with independent environmental protection organizations. The round table was participated by representatives of the World Wildlife Fund (WWF), Greenpeace, Russian Union for Conservation of Birds, environmental protection organization Transparent World, and Public Environmental Supervision Organization of the Khanty-Mansi Autonomous Area (Yugra), and the management and experts of the company.
At the round table meeting, TNK-BP specialists presented their comprehensive program for remediation of historical heritage lands and informed ecologists on implementation of the pipeline integrity and modernization program. Participants of the round table were also told about integration of a new telecommunication system for minimization of pipeline damage detection time and a new winter remediation technology for efficient cleanup of spills on remote territories with no damage to the environment. Since its inception, the company invested $2.1 billion into various environmental protection programs. Apart from that, TNK-BP established a special fund of $500 million for solution of inherited ecological problems and already remediated 3,199 hectares of previously contaminated lands. The company is going to complete remediation of all its inherited contaminated lands by 2019.
Elena Kompasenko, Vice President, Health, Safety and Environment, said: “TNK-BP is a transparent and socially responsible company. We are ready to carry on an open dialog with ecological organizations and accept recommendations from our colleagues for improvement of existing environmental programs and development of new environmental projects. Such measures provide us feedback and help us coordinate our joint environmental protection efforts.”
Information for editors
TNK-BP is the third largest oil company of Russia owned on a parity basis by BP and the AAR Consortium (Alpha Group, Access Industries, and Renova). TNK-BP owns about 50% of the Russian oil and gas company Slavneft. TNK-BP’s share in Russia’s oil production, including its share in Slavneft, is approximately 16%. As of December 31, 2011, the total proven life-of-field (LOF) reserves of the company, estimated according to the criteria of the US Securities and Exchange Commission (SEC), amount to 9.115 billion barrels of oil equivalent.
References to TNK-BP or Group mean TNK-BP International and its consolidated subsidiaries unless the context requires a different reading.
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