October 16, 2008
TNK-BP Commences Crude Oil Deliveries to ESPO
Russia-based vertically integrated oil company TNK-BP has commenced deliveries of crude oil produced at the Verkhnechonskoye field to the East Siberia-Pacific Ocean Pipeline.
TNK-BP and Rosneft are the major shareholders of Verkhnechonskneftegaz (VCNG), the operator of the project.
Tim Summers, COO of TNK-BP, said: "The first shipment of VC crude into the East Siberia-Pacific Ocean Pipeline (ESPO) marks an important event for TNK-BP and for the industry. We are establishing a major new production center in east Siberia. The beginning of regular commercial shipments from VC to the ESPO marks the emergence of east Siberia as a new and important oil and gas province in Russia."