Trebs and Titov oil fields is a complex of Arctic oil fields in the Timan-Pechora Basin in Nenets Autonomous Okrug, 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 |
| Operator | Bashneft |
| Partners | Bashneft (74.9%) Lukoil (25.1%) |
| Production | |
| Recoverable oil (million tonnes) | 210.9 |
The oil fields have around 1.1 billion barrels (170×106 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 a 25.1% stake in the project.[7]
References
edit- ^ "Players make bids for Trebs and Titov". Upstream Online. NHST Media Group. 2010-09-15. (subscription required). Retrieved 2011-01-23.
- ^ 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.
- ^ "Russia needs $ 2 bn to develop Trebs and Titov oil fields". Alexander's Gas and Oil Connections. 2010-07-17. Retrieved 2012-02-15.
- ^ "Subsoil law heads to Duma". Upstream Online. NHST Media Group. 2006-04-11. (subscription required). Retrieved 2011-01-23.
- ^ Soldatkin, Vladimir (2010-10-28). "Russia's Bashneft poised to win Arctic fields-sources". Reuters. Retrieved 2011-01-23.
- ^ Bachman, Jessica (2010-12-02). "Russia's Bashneft wins Trebs and Titov oil fields". Reuters. Retrieved 2011-01-23.
- ^ Amos, Howard (2011-04-18). "Bashneft Kick-Starts Work on Trebs, Titov". The Moscow Times. Retrieved 2012-02-15.
