LUKOIL intends to invest in the Trebs project
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Thursday, 26 Jan 2012
It is reported that LUKOIL intends to invest USD 1.3 billion in the Trebs & Titov project.
In line with the presentation 42% of the crude will be delivered to the refineries.
In Feb. 2011 Bashneft got the 25-year license for the development of R.Trebs & A.Titov field. In April 2011 Bashneft and LUKOIL signed the contract on the foundation of JV for the development of these fields.
This sector is located in Nenetsky reg. The total reserves (?1+?2) cover 140.1mln ton.
(Sourced from AK&M)
