Trebs and Titov oil fields

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Trebs and Titov oil fields
Trebs and Titov oil fields is located in Russia
Trebs and Titov oil fields
Location of Trebs and Titov oil fields
Country Russia
Region Nenets Autonomous Okrug
Offshore/onshore onshore
Coordinates 68°39′11″N 57°49′40″E / 68.65306°N 57.82778°E / 68.65306; 57.82778Coordinates: 68°39′11″N 57°49′40″E / 68.65306°N 57.82778°E / 68.65306; 57.82778
Operator Bashneft
Partners Bashneft (74.9%)
Lukoil (25.1%)
Production
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 estimated oil reserves.[1] Recoverable reserves are 78.1 million tons in the Trebs field and 132.8 million tons in the Titov field.[2][3] In 2006, the Trebs and Titov fields were designated as "strategic fields".[4]

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.[5] The licence was issued to Bashneft on 2 December 2010.[6]

On 15 April 2011, Lukoil agreed to acquire 25.1% stake in the project.[7][8]

References[edit]

  1. ^ "Players make bids for Trebs and Titov". Upstream Online. NHST Media Group. 2010-09-15. (subscription required). 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. Archived from the original on January 3, 2011. Retrieved 2011-01-23. 
  3. ^ "Russia needs $ 2 bn to develop Trebs and Titov oil fields". Alexander's Gas and Oil Connections. 2010-07-17. Retrieved 2012-02-15. 
  4. ^ "Subsoil law heads to Duma". Upstream Online. NHST Media Group. 2006-04-11. (subscription required). Retrieved 2011-01-23. 
  5. ^ Soldatkin, Vladimir (2010-10-28). "Russia's Bashneft poised to win Arctic fields-sources". Reuters. Retrieved 2011-01-23. 
  6. ^ Bachman, Jessica (2010-12-02). "Russia's Bashneft wins Trebs and Titov oil fields". Reuters. Retrieved 2011-01-23. 
  7. ^ "LUKoil, Bashneft to develop giant Trebs, Titov oilfields". RIA Novosti. 2011-04-15. Retrieved 2011-05-01. 
  8. ^ Amos, Howard (2011-04-18). "Bashneft Kick-Starts Work on Trebs, Titov". The Moscow Times. Retrieved 2012-02-15.