German Khan, Executive Director of TNK-BP, and Vladimir Yakushev, Governor of the Tyumen Region, Discussed the Cooperation Between the Company and Region
20 Mar 2006
Vladimir Yakushev, Governor of the Tymen Region, and German Khan, Executive Director of TNK-BP, met on March 17 in Tyumen and discussed the current relations between TNK-BP and the Administration of the Tyumen Region and their development prospects.
Their discussion of the relationship and the implementation of the Company’s projects and production plans began with their joint visit to the fields of Uvat District. Vladimir Yakushev and German Khan inspected industrial facilities in the fields and met with Yuri Svyatskevich, Head of the Uvat District, and Alexei Tumanov, General Director of Tyumenneftegaz. During their visits to the Kalchinsk, and North-Demyansk fields, they had meetings with the personnel and drilling and construction teams working in these fields.
Later, German Khan presented to the Governor the results achieved by the Company in 2005 and the 2006 development plans of TNK-BP projects in the region. Vladimir Yakushev and German Khan signed a Protocol to the Agreement of Strategic Cooperation between the Administration of the Tyumen Region and OAO TNK-BP Management.
The Protocol says, in particular, that the investments of TNK-BP in 2006 into the projects deployed on the territory of the Tyumen Region will exceed 53 billion rubles. The overall investments made by the Company in the region in the period 2004–2006 will amount to 126.7 billion rubles. The tax payments of TNK-BP into the budget of the Tyumen Region will run up this year to 10.1 billion rubles.
Talking about the activities of the Company in the Tyumen Region, German Khan paid special attention to the plans of TNK-BP for developing the Uvat group of fields in the south of the Tyumen Region. According to Mr. Khan, the Uvat project is important both for the Company and the region. First and foremost, implementation of the Uvat project will substantially replenish the tax revenues of the region by direct receipts of the Company. Moreover, development of the fields will make a valuable contribution to the progress of the industry in the southern part of the Tyumen Region, create an infrastructure that will stimulate development of other industries, provide new jobs, and encourage the resolution of social problems in the Uvat District.
The Uvat project envisions exploration and work in 15 license blocks with total recoverable reserves of over 120 million tons of oil. Investments into these projects in the nearest 20 years will exceed $2 billion.
“Our work will establish an independent oil and gas complex in the south of the Tyumen Region with a production capacity of approximately 10 million tons of oil a year and create here a modern industrial and social infrastructure,” said German Khan during the meeting with the Governor.
Vladimir Yakushev noted that “the investment project is moving forward. Both parties, TNK-BP and the Administration of the region, are carrying out their commitments in full.” The implementation of the project served as an impetus for further development of oil and gas production and the associated industries, such as transportation, construction, design and engineering, and social development. During the period of project implementation, 52 km of automobile roads and 73.7 km of pipelines were constructed on the territory of the Uvat District. The large-scale construction of roads, engineering communications, and social and utility facilities will be continued in the Uvat District in 2006.
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