Trebs and Titov oil fields

Trebs and Titov oil fields
Country Russia
Region Nenets Autonomous Okrug
Offshore/onshore onshore
Operator(s) Bashneft
Production
Estimated oil in place 1,100 million barrels (~1.5×10^8 t)
Recoverable oil (million tonnes) 210.9

Trebs and Titov oil fields is a complex of Arctic oil fields in the Timan-Pechora Basin in Nenets Autonomous Okrug, Russia.

Oil fields have around 1.1 billion barrels (170×10^6 m3) of oil in place.[1] Recoverable reserves are 78.1 million tons in the Trebs field and 132.8 million tons in the Titov field.[2] In 2006, the Trebs and Titov fields were designated as "strategic fields".[3]

The license for development of these fields was auctioned in 2010. Although initial interest was shown by Lukoil, TNK-BP, Gazprom Neft, Surgutneftegaz, Bashneft, and ONGC, the final bid was made only by Bashneft.[4] The licence was issued to Bashneft on 2 December 2010.[5]

On 15 April 2011, Lukoil agreed to acquire 25.1% stake in the project.[6]

References

  1. ^ "Players make bids for Trebs and Titov". Upstream Online (NHST Media Group). 2010-09-15. http://www.upstreamonline.com/live/article229562.ece. Retrieved 2011-01-23. 
  2. ^ Newman, Adam (2010-07-22). "Trebs and Titov oil fields: Russia's last sizable deposits?". NG Oil & Gas Russia and CIS (GDS Publishing). http://www.cisoilgas.com/news/trebs-and-titov-oil-fields/. Retrieved 2011-01-23. 
  3. ^ "Subsoil law heads to Duma". Upstream Online (NHST Media Group). 2006-04-11. http://www.upstreamonline.com/live/article108264.ece. Retrieved 2011-01-23. 
  4. ^ Soldatkin, Vladimir (2010-10-28). "Russia's Bashneft poised to win Arctic fields-sources". Reuters. http://www.reuters.com/article/idUSLDE69R0E520101028. Retrieved 2011-01-23. 
  5. ^ Bachman, Jessica (2010-12-02). "Russia's Bashneft wins Trebs and Titov oil fields". Reuters. http://www.reuters.com/article/idUSLDE6B116T20101202. Retrieved 2011-01-23. 
  6. ^ "LUKoil, Bashneft to develop giant Trebs, Titov oilfields". RIA Novosti. 2011-04-15. http://en.rian.ru/business/20110415/163541017.html. Retrieved 2011-05-01.