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TNK-BP announces that all of its Russian retail assets have been consolidated within the TNK-BP Holding group of companies. In a transaction between a subsidiary of TNK-BP Holding and STBP Holdings Ltd., the TNK-BP Holding group has consolidated retail business of STBP Holdings Ltd. within Moscow city limits and the Moscow region. The transaction was valued at approximately USD 1.1 bn by an independent appraiser, S&G Partners. With the deal closed, TNK-BP Holding owns 733 retail sites across Russia under BP and TNK brands.

BP Spain Holdings Press Releases BP og dens co-venturers Shell, ConocoPhillips og Chevron kunngjorde i dag deres beslutning om å fortsette med en to-års vurdering program for å se på muligheten for å utvikle en tredje fase av gigantiske Clair feltet, vest for Shetlandsøyene. Første engasjement innebærer et toårig program for å bore fem avgrensningsbrønner. Dette kan øke til mellom åtte og tolv brønner, avhengig av resultatene fra disse første brønnene. Boringen av først godt nylig startet. Målene for programmet er å gi større sikkerhet på samlede magasinbeholdningen, inkludert deres distribusjon og væske egenskaper; evaluere teknologi for å øke utvinningen fra større Clair; og for å teste muligheten for nye frittstående utbygginger og sammenhengene til Clair Ridge. Trevor Garlick, regionale presidenten for BP Nordsjøen, sa: "Dette er en viktig milepæl og en ytterligere stor forpliktelse til vest av Shetland av BP og dens co-venturers. Hvis det lykkes, avgrensningsbrønn programmet kunne bane vei for en tredje fase av utbyggingen på Clair - er dette nå en reell mulighet." Edward Davey, energi og klima endring sekretær, sa: "denne kunngjøringen av BP av en to års vurdering program for større Clair området for vest for Shetland er utmerket nyheter. Det viser bransjens engasjement for å maksimere potensialet i dette området, som kunne holde opp til 17% av vår olje- og gassindustrien forbeholder seg. "Større Clair beviser det er fortsatt en lang fremtid for olje- og gassproduksjon i Nordsjøen og vil gi tillit til nye rekrutter at industrien tilbyr en karriere for livet." John Hayes, energiminister, sa: "større Clair er svært betydelig som det forsterker for vest for Shetland som et viktig område for framtidig olje- og gass utvikling. "Regjeringen arbeider ekstremt hardt for å sikre olje-og gass har den tillit og sikkerhet som det er behov for å investere, å gi Storbritannia en kilde til energisikkerhet og jobber i årene som

TNK-BP announces that all of its Russian retail assets have been consolidated within the TNK-BP Holding group of companies. In a transaction between a subsidiary of TNK-BP Holding and STBP Holdings Ltd., the TNK-BP Holding group has consolidated retail business of STBP Holdings Ltd. within Moscow city limits and the Moscow region. The transaction was valued at approximately USD 1.1 bn by an independent appraiser, S&G Partners. With the deal closed, TNK-BP Holding owns 733 retail sites across Russia under BP and TNK brands. "Complete consolidation of Russian retail assets within a Russian company makes for a crucial step in the implementation of TNK-BP's strategy for greater transparency and efficiency of its business; moreover, it is a key prerequisite for its ongoing successful development", - says Jonathan Muir, Chief Financial Officer, TNK-BP. Background for Editors: OJSC TNK-BP Holding is an open joint-stock company established in November 2004, registered and operating in Russia. TNK-BP Holding owns the majority of Russian assets of TNK-BP. Minority shareholders own c. 5% in OJSC TNK-BP Holding; indicative quotations for company shares are posted on the RTS Board information system (TNBPI.RTS). TNK-BP is Russia's third largest oil company, 50% held by BP and 50% held by the AAR Consortium (Alfa Group, Access Industries, and Renova). TNK-BP also owns close to 50% of another Russian oil and gas company, Slavneft. TNK-BP accounts for approximately 16% of Russia's production (including its share of Slavneft). SEC proved reserves (life of field basis) were 8.586 billion boe as of December 31, 2009. STBP Holdings Ltd. is a subsidiary of TNK-BP International Ltd. References to "TNK-BP" mean "TNK-BP International and the company's consolidated subsidiaries" unless the context requires otherwise. References to "TNK-BP Holding group" mean "OJSC TNK-BP Holding and the company's consolidated subsidiaries" unless the context requires

TNK-BP announces that all of its Russian retail assets have been consolidated within the TNK-BP Holding group of companies. In a transaction between a subsidiary of TNK-BP Holding and STBP Holdings Ltd., the TNK-BP Holding group has consolidated retail business of STBP Holdings Ltd. within Moscow city limits and the Moscow region. The transaction was valued at approximately USD 1.1 bn by an independent appraiser, S&G Partners. With the deal closed, TNK-BP Holding owns 733 retail sites across Russia under BP and TNK brands. "Complete consolidation of Russian retail assets within a Russian company makes for a crucial step in the implementation of TNK-BP's strategy for greater transparency and efficiency of its business; moreover, it is a key prerequisite for its ongoing successful development", - says Jonathan Muir, Chief Financial Officer, TNK-BP. Background for Editors: OJSC TNK-BP Holding is an open joint-stock company established in November 2004, registered and operating in Russia. TNK-BP Holding owns the majority of Russian assets of TNK-BP. Minority shareholders own c. 5% in OJSC TNK-BP Holding; indicative quotations for company shares are posted on the RTS Board information system (TNBPI.RTS). TNK-BP is Russia's third largest oil company, 50% held by BP and 50% held by the AAR Consortium (Alfa Group, Access Industries, and Renova). TNK-BP also owns close to 50% of another Russian oil and gas company, Slavneft. TNK-BP accounts for approximately 16% of Russia's production (including its share of Slavneft). SEC proved reserves (life of field basis) were 8.586 billion boe as of December 31, 2009. STBP Holdings Ltd. is a subsidiary of TNK-BP International Ltd. References to "TNK-BP" mean "TNK-BP International and the company's consolidated subsidiaries" unless the context requires otherwise. References to "TNK-BP Holding group" mean "OJSC TNK-BP Holding and the company's consolidated subsidiaries" unless the context requires

TNK-BP announces that all of its Russian retail assets have been consolidated within the TNK-BP Holding group of companies. In a transaction between a subsidiary of TNK-BP Holding and STBP Holdings Ltd., the TNK-BP Holding group has consolidated retail business of STBP Holdings Ltd. within Moscow city limits and the Moscow region. The transaction was valued at approximately USD 1.1 bn by an independent appraiser, S&G Partners. With the deal closed, TNK-BP Holding owns 733 retail sites across Russia under BP and TNK brands. "Complete consolidation of Russian retail assets within a Russian company makes for a crucial step in the implementation of TNK-BP's strategy for greater transparency and efficiency of its business; moreover, it is a key prerequisite for its ongoing successful development", - says Jonathan Muir, Chief Financial Officer, TNK-BP. Background for Editors: OJSC TNK-BP Holding is an open joint-stock company established in November 2004, registered and operating in Russia. TNK-BP Holding owns the majority of Russian assets of TNK-BP. Minority shareholders own c. 5% in OJSC TNK-BP Holding; indicative quotations for company shares are posted on the RTS Board information system (TNBPI.RTS). TNK-BP is Russia's third largest oil company, 50% held by BP and 50% held by the AAR Consortium (Alfa Group, Access Industries, and Renova). TNK-BP also owns close to 50% of another Russian oil and gas company, Slavneft. TNK-BP accounts for approximately 16% of Russia's production (including its share of Slavneft). SEC proved reserves (life of field basis) were 8.586 billion boe as of December 31, 2009. STBP Holdings Ltd. is a subsidiary of TNK-BP International Ltd. References to "TNK-BP" mean "TNK-BP International and the company's consolidated subsidiaries" unless the context requires otherwise. References to "TNK-BP Holding group" mean "OJSC TNK-BP Holding and the company's consolidated subsidiaries" unless the context requires