OREANDA-NEWS. August 15, 2011. Buguruslanneft (a TNK-BP Group company) has produced the first crude oil from the Ivanovskoe field in the Orenburg region, according to the company’s General Director Igor Kristyan, reported the press-centre of TNK-BP.  

The company expects to drill a production well and carry out seismic surveying in 2012.

‘Buguruslanneft has every opportunity to develop dynamically by improving production and harnessing new technologies’, said Mr. Kristyan.

TNK-BP bought the Ivanovskoe oil and gas field spreading across the Krasnogvardeisk and Ponomarevsk regions of the Orenburg region in 2010. As of January 1, 2011, the field has reserves of 1.7 million tonnes.