TNK-BP Plans to Commission Three Power Plants in 2010
TNK-BP will commission three gas turbine power plants in 2010 with a total capacity over 80 MW. The new power plants will be built in 2010 at the Ust-Tegusskoye field of the Uvat project in the Tyumen region (first stage), the Van-Eganskoye field in the Khanty-Mansiysk autonomous district (two stages) and the Verkhnechonskoye field in the Irkutsk region (second stage).
In 2011, the second stage of a 25 MW gas turbine power plant is planned for commission at the Kamennoye field in the Khanty-Mansiysk autonomous district, while in 2012 the third stage of a 64 MW power plant is planned at the Verkhnechonskoye field (the company has announced a tender to supply generating equipment for it).
"According to our calculations, in the coming years in-house power supply is going to become more economically effective than buying energy on the market. And this is without calculating the effect of utilizing associated petroleum gas. TNK-BP plans to invest around $300 mln in power plant construction through 2010 - 2012. The energy will be used exclusively to power oil and gas production sites. This will help maintain the rate of developing fields", said Pavel Strunilin, Vice President, Power Supply, TNK-BP.
TNK-BP is Russia's third largest oil company that is owned on a parity basis by BP and AAR consortium (Alfa Group/Access Industries/Renova). TNK-BP also owns ca. 50% of Slavneft, a Russian oil and gas company. TNK-BP produces ca. 16% of the total volume of Russian oil production (including TNK-BP interest in Slavneft). The total proven reserves owned by the Company as estimated according to the Securities and Exchange Commission (SEC) methodology disregarding license validity amounted to 8.586 Bboe as of December 31, 2009.
Currently the share of TNK-BP's in-house power supply is approximately 4%. The company's strategy in power supply calls for raising this indicator to over 50% by 2020. TNK-BP plans to invest over $700 mln to construct, upgrade and reconstruct its in-house power facilities, including gas turbine power plants and power grids, in the forthcoming three years.
Published 24/05/2010
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