OREANDA-NEWS. June 04, 2010. A regular scheduled meeting of the Board of Directors of TNK-BP Ltd. took place. The agenda included a review of current performance indicators, an update on the status of major projects, and a discussion of the ten year plan, reported the press-centre of TNK-BP.

The Board noted that key operating and financial performance indicators, including production growth and reserve replacement, are tracking well within the approved plan for 2010.

The Board noted successful completion of inorganic transactions, including the acquisition of downstream assets of Vik Oil in Ukraine and upstream assets of the National Reserve Corp. in Orenburg.

The Board was briefed on the status of current major projects, including the Orenburg gas project, Yamal licenses and the third unit of the Nizhnevartovsk Regional Power Plant. Shareholder representatives noted the progress achieved and supported continuation of work on these projects.

The Board also discussed TNK-BP’s 10-year strategic plan and scenario analysis. Members of the Board and management agreed to continue the discussion of key strategic metrics during the next scheduled meeting of the Board of Directors of TNK-BP Ltd.