Company news in April 2004 | |||
Neftegazovy Meridian broadcast
Hydrocarbon output will soar 12% in TNK-BP in 2004, according to Dow Jones. In the subsequent years, up to 2007, oil and gas output in TNK-BP will increase by 5% each year. BP informed that the Company''s capital expenditures will stand at US$ 13.5 billion in 2004. Such approach is justified by performance of oil and gas-extracting enterprises of the company, which elevate hydrocarbon output. For instance, Varieganneftegaz OJC is getting down to large-scale drilling in the Verkhnee Kolik Egan deposit. A rig was raised in the 105th cluster on March 31. The entire operation took no more than 20 minutes and was successful. According to Ruslan Shmatko, Head of the Drilling Department at VNG OJSC, raising a drilling rig is a crucial moment; oil workers see to quality of performed work so that the well will be able to yield raw materials in the near future.
Source: TK RTV