Press releases in 2009

TNK-BP and BNP Paribas today signed a Memorandum of Understanding on cooperation under the Kyoto protocol to the UN Framework Convention on Climate Change dated December 11, 1997. 

Dividends declared by TNK-BP Holding are distributed as cash payments to all shareholders according to the number of shares held. This includes minority shareholders as well as principal (majority) shareholders.

TNK Pulsar complies with Euro-4 environmental requirements and well exceeds the relevant Russian technical standard (GOST R 51866). The fuel was developed by TNK-BP specialists using innovative fuel technologies. TNK Pulsar was tested at two independent technical centres in Germany and its advanced technical properties were confirmed by ZAO NAMI-Khim, the Russian centre for automobile expertise.

TNK-BP today announced important investment decisions made at the meeting of the Board of Directors of TNK-BP Limited, the ultimate holding company of the TNK-BP group of companies. The meeting was chaired by Mikhail Fridman, Executive Chairman of the Board of Directors of TNK-BP.  

TNK-BP today announced that the company has for the first time reported official data on greenhouse gas emissions in 2005—2008. In 2008, greenhouse gas emissions by the TNK-BP group of companies amounted to 22 million tons of the carbon dioxide (CO2) equivalent which is 18% lower as compared to 2007.

TNK-BP announced today that the company has produced 1 million tons of crude oil at the Urnenskoye and Ust-Tegusskoye fields of the Uvat project in the south of the Tyumen region since the launch of commercial production on 16 February 2009. Daily production at the fields currently amounts to 6,200 tons per day.

TNK-BP announced today a rotation in its management team. William (“Bill”) Schrader will take the position of chief operating officer (COO) of the TNK-BP group of companies during the fourth quarter of this year, following a planned handover from the company’s current COO, Tim Summers. 

TNK-BP and Weatherford International announced today that, following approval by Russia’s Federal Anti Monopoly Service, TNK-BP has completed the sale of its Oil Field Services (OFS) enterprises to Weatherford International Ltd pursuant to the Sales and Purchase Agreement signed on May 29, 2009.

TNK-BP today reported its results for the six months ended June 30th 2009.

TNK-BP Holding (TBH) held its Annual General Meeting of shareholders today. The shareholders approved the proposed dividend payment and voted for accession of four subsidiaries. The shareholders also elected a new Board of Directors of TNK-BP Holding. The board consists of nine members, including four representatives of two major shareholders and one independent director in compliance with the new system of corporate governance agreed by AAR and BP at the beginning of this year.

TNK-BP today announced the results of a meeting of the Board of Directors of TNK-BP Limited, the ultimate holding company of the TNK-BP group of companies. The meeting was chaired by Mikhail Fridman, Executive Chairman of the Board of Directors of TNK-BP. The Board discussed TNK-BP’s performance in the year to date and noted efficiency of the company’s operations as compared to the peer group which was a result of aligned teamwork, effective management, disciplined cost control and prudent financial approach.

TNK-BP today announced three senior appointments to its management team. Maxim Barsky has been appointed Executive Vice President Strategy and Business Development of the TNK-BP group of companies. Pavel Skitovich has been appointed Executive Vice President, primarily responsible for planning and performance management, and Deputy Chief Financial Officer. 

TNK-BP announced that the company had launched commercial production in the Northern Hub of the Kamennoye oil field in the Khanty-Mansiisk region of West Siberia.

TNK-BP today announced the sale of its Oil Field Services (OFS) enterprises to Weatherford International Ltd (NYSE – WFT) via a legally binding Sales and Purchase Agreement signed 29 May 2009.

TNK-BP today announced the results of a meeting of the Board of Directors of the TNK-BP group of companies.  The meeting discussed issues of the company’s corporate governance structure and their compliance with the Shareholder agreement signed by the Alfa Group/ Access Industries/ Renova and BP on January 9^th 2009.

TNK-BP today announced that Alexei Guriev has been appointed Chief Auditor of the TNK-BP group of companies. 

TNK-BP expects to report its annual US GAAP audited financial statements for 2008 on 29 April and its results for the 1st quarter of 2009 late May.

• Consolidated financial statements 2008
• 2008 performance review presentation

Any data reported meantime by BP in its published financial results is reflective of BP estimates, and is accounted for under IFRS rather than US GAAP accounting standards. As such TNK-BP data reported by BP does not represent a simple 50% of TNK-BP’s expected results.

TNK-BP today announced that Francis Sommer has been appointed Executive Vice President, Technology of the TNK-BP group of companies. 

TNK-BP announces a number of senior appointments in the company’s management. 

TNK-BP today announced that the company had launched commercial production from the Urna and Ust-Tegus fields in the Uvat area of the Tyumen region.On the 16^th of February, crude from Urna and Ust-Tegus was fed into the 264-kilometre pipeline which connects the fields with the Transneft pipeline system.

TNK-BP expects to report its annual US GAAP audited financial statements for 2008 around the end of March. Any data reported meantime by BP in its published financial results is reflective of BP estimates, and is accounted for under IFRS rather than US GAAP accounting standards. As such TNK-BP data reported by BP does not represent a simple 50% of TNK-BP’s expected results

TNK-BP today announces a number of important appointments which underpin the new system of corporate governance in the company consistent with the revised shareholder agreement signed by AAR and BP at the beginning of January.

OGK-1 and TNK-BP signed an agreement with the Siemens-Enka consortium to complete the engineering for the initial phase of the project to construct the third power unit of the Nizhnevartovsk state district power plant (GRES). The approved agreement provides for preparation of the design documents, determination of the best logistical scheme for equipment delivery and geotechnical surveys. The cost of work to be done under the agreement amounts to 19.5 million Euro.