The Timan-Pechora Basin is an oil field basin in northern Russia. It is south of the Pechora Sea. A planned project to mine its oil and gas was conceived in the mid-1990s and approved by United States and Russian Governments. As of September 29, 2004, Conoco and LUKoil planned to jointly develop this Basin.
Lukoils oil production in million tons
Since 2004 the production increased and the importance for LUKoil increased. However, the production began to decline in 2010. Large investments are needed to increase production rates or at least to maintain production at levels over 17 million tons annually.
- "Joint U.S. - Russian Statement In Support of the Timan Pechora Project" from the White House Office of the Press Secretary on September 28, 1994
- "Conoco in Russia" at the Moscow International Petroleum Club
- Map of the Timan Pechora Hydrocarbon Region at Blackbourn Geoconsulting
- "Oil giants ready to battle for Rosneft" from the CIS Oil & Gas Report in December 1997
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