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Sorochinskneft to Invest 2.1B Rub in Exploration in 2012

Source: www.gulfoilandgas.com 4/3/2012, Location: Asia

NGDU Sorochinskneft (part of TNK-BP Group) will allocate 2.1 billion rubles to exploration in 2012. Sorochinskneft specialists will do seismic surveys at an area of 1,200 km2 and complete the construction of 11 exploration and appraisal wells to increase hydrocarbon reserves.

According to Nikolai Koryagin, Department Director, Geology and Subsoil Use, NGDU Sorochinskneft, as of today the entity has booked 231.2 million tons of Russian recoverable reserves. “Reserves life index is 23 years with the current production rate,” he said.

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Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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