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Article: Georgia: First production from Verkhnechonskoye delivered to East Siberia-Pacific Ocean Pipeline.
- Article from:
- TendersInfo
- Article date:
- October 15, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: manish03
Today, on October 15, 2008, TNK-BP announced that it commenced deliveries of crude oil produced at the Verkhnechonskoye field (VC) to the East Siberia-Pacific Ocean Pipeline (ESPO). The first batch of VC production was delivered to the Transneft metering unit at the entry to the ESPO. This marks the beginning of commercial production at VC. TNK-BP and Rosneft are the major shareholders of Verkhnechonskneftegaz (VCNG), the operator of the project.
In 2008 production at VC is expected to reach 2500 tons per day. In 2009, the project will produce in excess of 1 million tons. Cumulative investment in the project has now reached $1 billion, ...