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TNK-BP is a major vertically integrated Russian oil company headquartered in Moscow. It is Russia's third-largest oil producer and among the ten largest private oil companies in the world. TNK-BP is Russia's third largest oil company in terms of reserves and crude oil production. It is 50% owned by BP and 50% by a group of Russian businessmen, represented by the AAR (Alfa-Access-Renova) consortium. Since the merger in 2003 between BP's and AAR's assets in Russia and Ukraine, TNK-BP has expanded through acquisitions such as that of Slavneft and organically through improving operational efficiency. In that time, over a backdrop of shareholder dispute, TNK-BP's profits have risen from US$2.7 billion in 2003 to $5.3 billion in 2009. DeGolyer and MacNaughton confirmed that as of 31 December 2009 TNK-BP's total proved reserves amounted to 11.667 billion barrels (1.8549×109 m3) of oil equivalent, applying PRMS (formerly SPE) criteria. Proved reserves constitute a total proved PRMS reserve replacement ratio of 329%. History On 1 September 2003, BP and AAR announced the creation of a strategic partnership to jointly hold their oil assets in Russia and Ukraine. As a result, TNK-ВР was created. ААR contributed its holdings in TNK International, ONAKO, SIDANCO, RUSIA Petroleum (which held licenses for the Kovykta field and the Verkhnechonsk field), and the Rospan field in West Siberia (the New Urengoy and East Urengoy deposits). BP contributed its holding in SIDANCO, RUSIA Petroleum, and its BP Moscow retail network. In January 2004, BP and AAR reached an agreement to incorporate AAR's 50% stake in Slavneft into TNK-BP. Slavneft, which has operations in Russia and Belarus, was previously owned jointly by AAR and Sibneft (now Gazprom Neft). In 2009, TNK-BP increased production to 1.69 million barrels per day (269×103 m3/d) of oil equivalent (excluding TNK-BP's share in Slavneft production) compared to 1.642 million barrels per day (261.1×103 m3/d) of oil equivalent pro

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THE long-running saga of BP's troubled Russian joint venture moved closer to a conclusion last night as it held talks on a deal with state-owned oil giant Rosneft. Igor Sechin, chief executive of Rosneft, flew in to London for discussions on buying out BP's 50 per cent stake in TNK-BP in a deal that could be worth as much as £17.5billion for the FTSE 100 group. In what insiders described as "a fast-moving situation" and "a game of brinkmanship" Rosneft also looked poised to buy the remaining stake held by BP's partner, the AAR consortium controlled by a group of Russian billionaires. After years of friction between the two sides, both BP and AAR this year signalled they could sell out of the partnership or seek full control. In a dramatic move last night AAR pulled out of the bidding to buy BP's stake just hours before today's deadline. That paves the way for Rosneft to buy out both BP and AAR to gain control of the highly profitable TNK-BP business and create the world's largest oil company. BP has made it clear that it retains ambitions to remain in Russia and to expand in the Arctic As part of the deal BP is expected to take a 10 per cent stake in the enlarged Russian business, giving it access to one of the world's most important oil-producing countries. AAR sources said the tycoons had decided not to bid because they had been unable to raise sufficient finance in time and BP had signalled it was not interested in their offer. Another major problem for AAR is that Rosneft had already secured backing from a number of key banks who were unable to work with a rival bidder. An alliance between the oligarchs and the Kremlin-backed company has always been seen as unlikely and AAR made it clear that it would seek to sell its holding if Rosneft came on board. Although TNK-BP has been very lucrative, generating £23billion in dividends after an initial investment of £5billion each in 2003, the two partners have always had a stormy relationship. In 2008 Bob Dudley, th

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"THE long-running saga of BP's troubled Russian joint venture moved closer to a conclusion last night as it held talks on a deal with state-owned oil giant Rosneft. Igor Sechin, chief executive of Rosneft, flew in to London for discussions on buying out BP's 50 per cent stake in TNK-BP in a deal that could be worth as much as £17.5billion for the FTSE 100 group. In what insiders described as "a fast-moving situation" and "a game of brinkmanship" Rosneft also looked poised to buy the remaining stake held by BP's partner, the AAR consortium controlled by a group of Russian billionaires. After years of friction between the two sides, both BP and AAR this year signalled they could sell out of the partnership or seek full control. In a dramatic move last night AAR pulled out of the bidding to buy BP's stake just hours before today's deadline. That paves the way for Rosneft to buy out both BP and AAR to gain control of the highly profitable TNK-BP business and create the world's largest oil company. BP has made it clear that it retains ambitions to remain in Russia and to expand in the Arctic As part of the deal BP is expected to take a 10 per cent stake in the enlarged Russian business, giving it access to one of the world's most important oil-producing countries. AAR sources said the tycoons had decided not to bid because they had been unable to raise sufficient finance in time and BP had signalled it was not interested in their offer. Another major problem for AAR is that Rosneft had already secured backing from a number of key banks who were unable to work with a rival bidder. An alliance between the oligarchs and the Kremlin-backed company has always been seen as unlikely and AAR made it clear that it would seek to sell its holding if Rosneft came on board. SEARCH CITY & BUSINESS for: Although TNK-BP has been very lucrative, generating £23billion in dividends after an initial investment of £5billion each in 2003, the two partners have always had a sto

Bob Dudley, BP gruppe administrerende direktør og Mukesh Ambani, styreformann og administrerende direktør av Reliance Industries begrenset (RIL) møtte med indisk statsminister av olje og naturgass, Dr Veerappa Moily i Delhi i dag. De oppdatert statsråden om sine felles fremtidige planer i India, inkludert KG D6 blokk enhancement plan designet for å øke produksjonen på blokken. Under KG D6 blokk enhancement plan planlegger BP og RIL å investere i en rekke prosjekter for å utvikle rundt 4 billioner kubikkmeter oppdaget naturgassressurser fra blokken. I løpende priser på internasjonale flytende naturgass (LNG), ville det koste mer enn 50 milliarder dollar til å importere dette volumet av gass til India. Denne planen, når implementert, ville innebære en potensiell total investering i overkant av $5 milliarder over de neste tre til fem år. Ledende den største noensinne handel delegasjon fra Storbritannia til alle land, britiske statsminister David Cameron sa: "BP er allerede den største enkelt britiske investoren i India og beslutningen om å forene krefter med Reliance Industries å investere $5 milliarder i de neste årene i Indias gassmarkedene forsterker hvor to av Storbritannias og Indias ledende selskaper kan arbeide sammen for å investere i og levere energibehov i fremtidenskape arbeidsplasser og økt velstand. " "Gass fra disse prosjektene skal levere energi til millioner av indianere og ville hjelpe India å redusere importere avhengighet. Mitt departement er forpliktet til å gi nødvendige støtte for å fremme slik investering i innenlandsk olje og gass sektoren. Vi vil gjøre det nødvendig å spole spore disse prosjektene og hjelpe dem å oppnå økonomiske levedyktighet,"forsikret Dr Veerappa Moily, Minister olje og naturgass, Indias regjering.

http://www.allvoices.com/contributed-news/14298664-bp-global-holdings-press-releases-framgangsrikt-slutfor-flow-test BP meddelade idag att det har genomgått en lyckad flöde test av Brasiliens Itaipu-1A upptäckten väl offshore. Borr stem testet var den senaste aktiviteten i pågående utvärderingsprogrammet på BP manövrerade Itaipu upptäckten. Flödesområde väl testa nått upp till 5.600 fat olja per dag för 32 timmar genom en 40/64 choke från en begränsad perforerat intervall. Resultat från tryckuppbyggnaden efter huvudsakliga flödet anges bra anslutning i reservoaren. Lång sikt övervakning tryckmätare sattes också i wellbore före utgången av operationer. Neil Piggott, BP vice VD för utforskning av Brasilien, sade: "Detta är ett bra resultat för Itaipu-projektet, som anger att kommersiellt gångbara flöden kan nås från denna Pre-Salt karbonat reservoar." Itaipu-1A pre-salt brunnen ligger i block BM-C-32 i Djuphavsräka sektorn av Campos handfatet, 125 km offshore Brasilien och borrades i 2009 av Devon. BP köpt Devons intressen i Brasilien under 2011. Bedömningen som Itaipu-2 borrades under 2011. En andra bedömning väl plats, Itaipu-3, har kommit överens om med de brasilianska National Petroleum Agency (ANP), och kommer att vara nästa operation på fältet Itaipu senare i år. BP är operatören av BM-C-32 med en 40% eget kapital. Andra aktieägare är Anadarko Petroleum Corporation (33,3%) och Maersk Energia Ltda (26,7%). Further information: https://foursquare.com/v/bp-holdings-barcelona--madrid-spain/50532a6bd86cf18ca71817d6 http://bpholdingsarjetabeat.tumblr.com/

http://www.bp.com/genericarticle.do?categoryId=2012968&contentId=7085384 BP meddelade idag att det har genomgått en lyckad flöde test av Brasiliens Itaipu-1A upptäckten väl offshore. Borr stem testet var den senaste aktiviteten i pågående utvärderingsprogrammet på BP manövrerade Itaipu upptäckten. Flödesområde väl testa nått upp till 5.600 fat olja per dag för 32 timmar genom en 40/64 choke från en begränsad perforerat intervall. Resultat från tryckuppbyggnaden efter huvudsakliga flödet anges bra anslutning i reservoaren. Lång sikt övervakning tryckmätare sattes också i wellbore före utgången av operationer. Neil Piggott, BP vice VD för utforskning av Brasilien, sade: "Detta är ett bra resultat för Itaipu-projektet, som anger att kommersiellt gångbara flöden kan nås från denna Pre-Salt karbonat reservoar." Itaipu-1A pre-salt brunnen ligger i block BM-C-32 i Djuphavsräka sektorn av Campos handfatet, 125 km offshore Brasilien och borrades i 2009 av Devon. BP köpt Devons intressen i Brasilien under 2011. Bedömningen som Itaipu-2 borrades under 2011. En andra bedömning väl plats, Itaipu-3, har kommit överens om med de brasilianska National Petroleum Agency (ANP), och kommer att vara nästa operation på fältet Itaipu senare i år. BP är operatören av BM-C-32 med en 40% eget kapital. Andra aktieägare är Anadarko Petroleum Corporation (33,3%) och Maersk Energia Ltda (26,7%). Further information: https://foursquare.com/v/bp-holdings-barcelona--madrid-spain/50532a6bd86cf18ca71817d6 http://bpholdingsarjetabeat.tumblr.com/

THE long-running saga of BP's troubled Russian joint venture moved closer to a conclusion last night as it held talks on a deal with state-owned oil giant Rosneft. Igor Sechin, chief executive of Rosneft, flew in to London for discussions on buying out BP's 50 per cent stake in TNK-BP in a deal that could be worth as much as £17.5billion for the FTSE 100 group. In what insiders described as "a fast-moving situation" and "a game of brinkmanship" Rosneft also looked poised to buy the remaining stake held by BP's partner, the AAR consortium controlled by a group of Russian billionaires. After years of friction between the two sides, both BP and AAR this year signalled they could sell out of the partnership or seek full control. In a dramatic move last night AAR pulled out of the bidding to buy BP's stake just hours before today's deadline. That paves the way for Rosneft to buy out both BP and AAR to gain control of the highly profitable TNK-BP business and create the world's largest oil company. BP has made it clear that it retains ambitions to remain in Russia and to expand in the Arctic As part of the deal BP is expected to take a 10 per cent stake in the enlarged Russian business, giving it access to one of the world's most important oil-producing countries. AAR sources said the tycoons had decided not to bid because they had been unable to raise sufficient finance in time and BP had signalled it was not interested in their offer. Another major problem for AAR is that Rosneft had already secured backing from a number of key banks who were unable to work with a rival bidder. An alliance between the oligarchs and the Kremlin-backed company has always been seen as unlikely and AAR made it clear that it would seek to sell its holding if Rosneft came on board. Although TNK-BP has been very lucrative, generating £23billion in dividends after an initial investment of £5billion each in 2003, the two partners have always had a stormy relationship. In 2008 Bob Dudley, th

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