WEP assist TNK-BP in development of corporate drilling standards

October 2012, Hoogeveen, The Netherlands

Since the summer of 2012, Well Engineering Partners (WEP) is working on a project to assist TNK-BP in the development of technical support documentation for TNK-BP drilling regulatory documents and standards. The objective of the project is to develop a comprehensive set of Corporate Drilling Standards.

These Corporate Drilling Standards will consist of topical standards, procedures and manuals to conduct TNK-BP’s drilling business in a regulated, consistent and safe manner across all regions and will be considered the basis for company-specific competence development and assurance, training and improvement processes.

TNK-BP is a leading Russian oil company and is among the top ten privately-owned oil companies in the world in terms of crude oil production. The company was formed in 2003 as a result of the merger of BP’s Russian oil and gas assets and the oil and gas assets of Alfa, Access/Renova group (AAR). BP and AAR each own 50% of TNK-BP. In 2010 the company produced on average 1.74 mboed (excluding its 50% share in Slavneft). Currently, the Company is subject to a buy-out by Rosneft.