OREANDA-NEWS. March 15, 2012. TNK-BP is going to reduce its total expenses for operation of approximately 16,000 artificial lift wells by 10% by the year 2012. The company is implementing a number of comprehensive programs along the key lines of its activities in accordance with the artificial oil lifting efficiency improvement strategy, reported the press-centre of TNK-BP.

This strategy is aimed at reduction of well operation costs from the current USD48.8 per well to USD43.9 by 2015. Artificial lifting, used in 98% of the company’s well stock, accounts for a considerable part in the total operating expenditures of the company.

TNK-BP is consistently implementing a long-term program for improving the efficiency of artificial lifting, which includes analysis, assessment and optimization of each stage in the life cycle of electrical submersible pump (ESP) units by using latest technologies and equipment. The company increased the run life of pumping equipment to a record 615 days, which meets the international standards.