TNK-BP goes for Yamal oil
The board of the oil company TNK-BP has approved a USD 400 million investment plan at three oil fields at the Yamal Peninsula.
The investment is for the initial phase of the exploration and construction of the Suzun, Tagul and Russkoye fields at Yamal, reports Dow Jones Newswire. The initial phase includes early production activities.
TNK.BP is a joint venture between British BP and a group of Russian investors. The company is Russia’s third biggest oil producer.
