RusEnergy

03.07.2006 IntelliNews Today - According to TNK-BP's representatives, the company may invest up to USD 1bn until 2012 in development of the Yamalo-Nenets autonomous Region fields. The company plans to launch active development of the region's most interesting Russkoe field within 2-3 years. Currently, the new phase of the field's geologic exploration starts. According to estimations, the field is one of Russia's largest with proven reserves of some 410mn tones of oil. Some analysts claim that TNK-BP will need to invest more that it intends, as about USD 1.5bn will be needed only for drilling and maintaining of some 20 rifts of the field due to harsh climate.