New Technologies Lift TNK-BP’s Oil Production by Roughly 2.3 Million Tons in 2012

TNK-BP is consistently implementing a comprehensive program to enhance the efficiency of field development work in all its upstream assets. A key part of the program is a system for developing and deploying new technologies, aimed at selecting the best solutions for pilot projects for further scale-up across the entire Company. In 2012 TNK-BP carried out over 2,000 operations in areas such as multi-stage hydro-fracking, bottom-hole treatments and commingled production.

In 2013 the Company plans to focus on pilot projects for hard-to-recover reserves, improving its multi-stage hydro-fracking technologies in horizontal wells and applying new technological solutions in the field of artificial lift and enhanced oil recovery.

“Deploying at scale new technologies is one of TNK-BP’s key activities. The Company’s portfolio includes hard-to-recover reserves in West Siberia, high-viscosity oil and highly depleted fields. New approaches and unique technologies are needed for successful development of these assets and to achieve the required level of profitability. To deliver steady production growth we’re planning to carry out over 600 operations within our pilot projects in 2013, as well as over 2,000 operations to scale-up solutions that have already proved successful”, said Emerson Milenski, TNK-BP Vice President, Technology.