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 16th of February, crude from Urna and Ust-Tegus was fed into the 264-kilometre pipeline which connects the fields with the Transneft pipeline system.
The launch ceremony was attended by Deputy Prime Minister of the Russian Federation Igor Sechin, Plenipotentiary of the President of the Russian Federation in the Urals federal district Nikolai Vinnichenko, Head of the Federal Agency on Subsoil (Rosnedra) Anatoliy Ledovskykh, governor of the Tyumen Region Vladimir Yakushev, Chief Executive Officer of TNK-BP Tim Summers and Executive Director of TNK-BP German Khan.
“Uvat has been a challenge for us, both technologically and logistically,” said Tim Summers, “However, successful combination of international expertise and Russian experience enabled TNK-BP to bring this major greenfield undertaking on stream on time and on budget.”
“Developing hard-to-recover reserves in a remote pristine Uvat area became possible thanks to the continuous support of the administration of the Tyumen region,” said German Khan, “Our mutually advantageous cooperation creates a multiple economic effect for the south of Tyumen, resulting in thousands of new workplaces, contracts for local industrial enterprises and construction of new infrastructure facilities.”
Urna and Ust-Tegus are located in the eastern part of Uvat. The cumulative oil in place of the two fields is estimated at 300 million tonnes, including 100 million tonnes of recoverable reserves.
In 2009, Urna and Ust-Tegus are planned to produce about 1.5 million tonnes of crude. TNK-BP completed construction of a 264-kilometre pipeline and a central crude gathering facility which facilitate transportation of crude from the fields westwards to enter the Transneft pipeline system. Up to date, investment into field development and construction of the infrastructure amounted to $925 million. In 2009, TNK-BP expects to spend $500 million on the Uvat project which includes drilling of development wells and construction of infrastructure facilities