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BP Holdings
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| BP's objective is to create value for shareholders by helping to meet the world's growing energy needs safely and responsibly |
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| Our strategy and sustainability, BP Holdings Barcelona |
| BP’s objective is to create value for shareholders by helping to meet the world’s growing energy needs safely and responsibly
We strive to be a safety leader in our industry, a world-class operator, a responsible corporate citizen and a great employer. We are working to enhance safety and risk management, earn back trust and grow value.
Keeping a relentless focus on safety is a top priority for us. Good management of risk helps to protect the people at the frontline, the places in which we operate and the value we create. We understand that operating in politically-complex regions and technically-demanding geographies, such as deep water and oil sands, requires particular sensitivity to local environments. We continue to enhance our systems, processes and standards, including how we manage contractors.
We can only operate if we maintain the trust of people inside and outside the company. We must earn people’s trust by being fair and responsible in everything we do. We monitor our performance closely and aim to report in a transparent way. We believe good communication and open dialogue are vital if we are to meet the expectations of our employees, customers, shareholders and the local communities in which we operate.
We are working to become a simpler business, with a clear focus on what we do best. Our distinctive capabilities include exploration, operations in deep water, the managing of giant fields and gas value chains, and our world-class downstream business – underpinned by technology and relationships. Strong financial performance is vital, because it enables us to make the investments necessary to produce the energy that society requires, as well as to reward and maintain the support of our shareholders. By supplying energy, we support economic development and help to improve quality of life for millions of people. Our activities also generate jobs, investment, infrastructure and revenues for governments and local communities. Our portfolio includes lower-carbon options with the potential to make a significant contribution, now and in the future.
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http://www.popscreen.com/v/6YfDn/TNKBP-Holding-OAO-TNKBP-to-Boost-Oil-Production |
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| 4,252 Days Ago |
| 2 Comments |
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| TNK-BP Holding OAO : TNK-BP to Boost Oil Production at Verkhnechonskoe Field by 40% to 7 Million Tonnes by End of 2012 |
| Moscow, September 3, 2012 - OJSC Verkhnechonskneftegaz (VCNG - a member of the TNK-BP group of companies) is aiming to boost oil production by 40% to 7 million tonnes by the end of the current year. At a meeting with the Governor of Irkutsk Region, Sergey Yeroschenko, TNK-BP Executive Director German Khan announced that the Company is now actively expanding its production capacities and is predicting a further increase in output.
During the meeting, which was also attended by Oleg Chemezov, Vice President and Director of TNK-BP's Siberia Branch, and Sergey Fedorov, General Director, VCNG, there was a discussion of the results of collaboration between TNK-BP and the Government of Irkutsk Region under their socio-economic cooperation agreement. This year, the Company will pay roughly 7 billion rubbles into the regional budget.
Irkutsk Governor Sergey Yeroschenko stressed: ''TNK-BP is one of the few companies that meets all its commitments''. For his part, German Khan noted that ''there is mutual understanding'' between TNK-BP and the regional leadership on the issues under discussion. ''By the end of the year we will sign a new document covering the next period of time'', he said.
Information for editors:
TNK-BP owns 74% of OJSC Verkhnechonskneftegaz (Rosneft owns 25.94%). The field is located in the north of Irkutsk Region, 1,100 km from Irkutsk city, and is operated by around 4,000 employees of VCNG and contractor organizations. Oil is supplied via the East Siberia - Pacific Ocean pipeline system. In 2011, the field produced 5 million tonnes of oil.
TNK-BP is one of the biggest players on the Russian goods and services market, with an annual contracting budget of over 200 billion rubles. The company is committed to following the best international standards of business conduct. While consistently implementing measures to combat corruption and unfair competition, TNK-BP demands the same from its suppliers and contractors.
TNK-BP is Russia's third largest oil company and is owned by BP and the AAR consortium (Alfa Group/Access Industries/Renova) on a parity basis. Additionally, TNK-BP owns approximately 50% of the Russian oil and gas company Slavneft. TNK-BP's share in Russia's oil production (including its share in Slavneft) is about 16%. The company's total proved SEC LOF reserves are 9.115 billion BOE as of December 31, 2011.
References to ''TNK-BP'' or ''the Group'' mean ''TNK-BP International and the company's consolidated subsidiaries'' unless the context requires a different reading.
For further information please contact:
Public Affairs Division: Tel. (495) 363-27-57 |
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| 4,252 Days Ago |
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