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TNK-BP To Triple 2010 Exploration Investments To $400 Mln

TNK-BP To Triple 2010 Exploration Investments To $400 Mln
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Τετ, 31 Μαρτίου 2010 - 18:21
Anglo-Russian oil producer TNK-BP Ltd. (TNBP.RS) plans to invest $400 million in exploration this year, a threefold increase from 2009, the company said Wednesday.

TNK-BP, 50%-owned by U.K. oil major BP PLC (BP), will focus its effort on seismic exploration in fields in Yamal, Uvat, Orenburg , Timan Pechora and Astrakhan .

The company also said it expects to increase drilling volumes by 40% from last year's level.
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