OREANDA-NEWS. August 25, 2011. Limited Liability Company TNK-Uvat (a TNK-BP subsidiary) expects to invest ca. USD100 million in exploration work in 2012 under the Uvat project pursued in the south of the Tyumen region, which is about the same as this year’s investment, reported the press-centre of TNK-BP.

The Company is going to put on line 70 production wells at the project fields by the end of 2011, mainly located in the Uvat Eastern Hub, General Director of TNK-Uvat, LLC Yury Masalkin told a press conference.

The Company has traditionally put a big focus on exploration at Uvat – in 2012, they will proceed with the field appraisal work and preparing the Tyamkinsky and Protozanovsky Hubs for production. Based on the exploration and production drilling data, TNK-Uvat expects to see a 14-16 mln t reserves addition this year.