OREANDA-NEWS. March 28, 2011. TNK-BP has approved the energy efficiency improvement program with cumulative economic effect of USD 321 MM in 2011-2013. The program implementation will ensure continuously increasing saving of electric power consumed, which will be in 2011 4.6%, 8.3% in 2012 and 11.7% in 2013, reported the press-centre of TNK-BP.

This saving is to be reached due to package of measures (above all in Upstream), aimed at introduction of new technologies, optimization of existing processes and infrastructure modernization.

The program key areas are associated formation water shut-off in active well-stock, optimization and reengineering of surface infrastructure, artificial lift energy efficiency improvement, and higher water flooding efficiency.

In 2011 within the new equipment and technology testing program it is planned to purchase different types of energy-saving equipment for artificial lift in the amount of USD 9 MM and allocate USD 2.8 MM for modernization of high-pressure pumps. Based on field tests results a program will be developed for wider application of energy efficient equipment.

Besides, TNK-BP is planning to allocate USD 37 MM for implementation of water shut-off projects in active well-stock, including USD 26 MM for pilot projects and USD 11 MM for roll-out of already tested efficient projects.

Energy efficiency improvement plans also provide for implementation of package of measures in refining. By 2020, TNK-BP plans to lower irrecoverable losses in oil refining 3 times as compared to 2010 and reach energy efficiency in Downstream at the level of world leading refineries.

“Use of new energy-saving technologies and equipment, modern engineering solutions and new approaches to technological process organization will enable TNK-BP to reduce considerably spending on energy resources being one of our most significant cost items , – said Mikhail Slobodin, TNK-BP Vice President, Gas and Power. – In the long term this will enable the company to reach electric power saving of 15-20%. Key task to reach the objectives declared is the Company’s active position with regard to search and introduction of new innovative developments and breakthrough technological solutions aimed to improve energy efficiency”.

Information for editors:
TNK-BP is one of the largest industrial consumers of electric power – volume of consumed power in 2010 was 1409 MW. Volume of TNK-BP captive generation as of the end of 2010 reached 108 MW (generated 470.9 mm kWh). In 2011-2013 TNK-BP will invest about USD 500 MM in captive power generation projects.

TNK-BP is the third largest oil company of Russia, its shareholders on parity basis are BP and AAR syndicate (Alpha Group/Access Industries/Renova). TNK-BP also owns about 50% in Russian Oil and Gas Company SLAVNEFT. TNK-BP accounts for 16% oil production in Russia (including TNK-BP share in Slavneft). Total proved SEC reserves, without consideration of license validity term, amounted to 8.794 bln boe as of December 31, 2010.