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New Technologies Lift TNK-BP’s Oil Production by Roughly 23 Million Tonnes in 2012

Source: www.gulfoilandgas.com 2/22/2013, Location: Asia

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TNK-BP announces that it achieved an overall increment of over 2 million tonnes in 2012 by deploying new oil production technologies – more than twice the figure for 2011.

TNK-BP is consistently implementing a comprehensive programme to enhance the efficiency of field development work in all its upstream assets. A key part of the programme is a system for developing and deploying new technologies, aimed at selecting the best solutions for pilot projects for further scale-up across the entire Company. In 2012 TNK-BP carried out over 2,000 operations in areas such as multi-stage hydrofracking, bottom-hole treatments and commingled production.

In 2013 the Company plans to focus on pilot projects for hard-to-recover reserves, improving its multi-stage hydrofracking technologies and applying new technological solutions in the field of artificial lift.

“Developing new technologies is one of TNK-BP’s key activities. The Company’s portfolio includes hard-to-recover reserves in West Siberia, high-viscosity oil and highly depleted fields. New approaches and unique technologies are needed for successful development of these assets and to achieve the required level of profitability. To deliver steady production growth we’re planning to carry out over 600 operations within our pilot projects in 2013, as well as over 2,000 operations to scale-up solutions that have already proved successful”, said Emerson Milenski, TNK-BP Vice President, Technology.

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