Tyumen reserves exceed 1 billion tonnes
Posted: 30 November 2006
The Government of the Tyumen region reported that the West-Siberian office of the State Committee for Reserves had considered and confirmed reserves for seven new oil deposits discovered in the Uvat region.
Aggregate oil resources in the south of Tyumen now exceed 1 billion tonnes.
Five of these new deposits, totaling approximately 32 million tonnes, were discovered at the licence sites of TNK-BP subsidiaries.
The 1 billionth tonne of crude oil was discovered by TNK-Uvat at the Kosukhinskoye deposit, called after the first president of the Tyumen Oil and Gas University.
"It is a landmark achievement of our Russian geologists and international professional talent provided by TNK-BP – a major investor in Tyumen’s oil and gas," said Sergei Prokhorov, Director of Department for Subsoil Use and Environment of the Tyumen administration.
“This is a good example of interaction between the state and a private company which delivered the pace of geological prospecting and reserve growth unprecedented for the south of Tyumen.”
"It is pleasing to have tangible exploration success at Uvat and we are delighted to have pushed the total reserves in southern Tyumen beyond 1 Bn tonnes. For our company these discoveries will help our ongoing transition from being a predominantly brown field producer," said TNK-BP’s President and CEO, Robert Dudley.
"The potential of West Siberia is still enormous, and we are very committed to help explore and develop it using leading technologies and human expertise."
The state committee also approved calculations of oil in place for the Urnenskoye and Ust-Tegusskoye deposits in Uvat which enables TNK-BP to start their development.
The Government of the Tyumen region and TNK-BP, which holds licences for exploration and development for the bulk of Uvat deposits, have a cooperation agreement whereby development of Uvat should become a locomotive for economic advancement of southern Tyumen.
Posted by Richard Price, Editor, EnergyME.com
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