OREANDA-NEWS. August 22, 2012. ТNК-ВР is expected to invest as much as USD 800 into its Uvat upstream projects in 2012 to support deployment of innovative production technology, develop related infrastructure and continue exploration, reported the press-centre of ТNК-ВР. 

ТNК-ВР is pursuing an organic growth strategy to step up its hydrocarbon production by 1-2% every year. Uvat has been consistently claiming a bigger share in the company’s production portfolio. The development program is expected to boost production by 18.6 % versus last year up to 7 million tons. Over a half of the 2012 investment will fund the drilling of development wells using advanced technology for better oil recovery, and the exploration program.

By the end of 2012, TNK-BP plans to complete a 39 km road, which will link Ust-Tegusskoye and Tailakovskoye fields, and will dramatically cut the cost and speed of delivering supplies.

“Most TNK-BP assets are mature brownfields, so ramping up production at new fields is a key strategic objective to deliver sustainable business growth. Today, Uvat is a most dynamic region coming up to speed, where hydrocarbon production shot up by 22% over the first half of 2012 alone compared to the same period last year. Next year we plan to go on raising the bar to exceed 8 million tons per year”, says Yuri Masalkin, General Director of TNK-Uvat.