Trebs and Titov oil fields is a complex of Arctic
oil field
A petroleum reservoir or oil and gas reservoir is a subsurface accumulation of hydrocarbons contained in porous or fractured rock formations. Such reservoirs form when kerogen (ancient plant matter) is created in surrounding rock by the prese ...
s in the
Timan-Pechora Basin
The Timan-Pechora Basin is a sedimentary basin located between Timan Ridge and the Ural Mountains in northern Russia. The basin contains oil and gas fields.
Oil and gas extraction
A planned project to mine its oil and gas was conceived in the ...
in
Nenets Autonomous Okrug
The Nenets Autonomous Okrug (; ) also known as Nenetsia ( ) is a federal subject of Russia and an autonomous okrug of Arkhangelsk Oblast. Its administrative center is the town of Naryan-Mar. It has an area of and a population of 42,090 ...
,
Russia
Russia, or the Russian Federation, is a country spanning Eastern Europe and North Asia. It is the list of countries and dependencies by area, largest country in the world, and extends across Time in Russia, eleven time zones, sharing Borders ...
.
The oil fields have around of estimated oil reserves.
[
] Recoverable reserves are 78.1 million tons in the Trebs field and 132.8 million tons in the Titov field.
[
] In 2006, the Trebs and Titov fields were designated as "strategic fields".
[
]
The license for development of these fields was auctioned in 2010. Although initial interest was shown by
Lukoil,
TNK-BP
TNK-BP (, ) was a major vertically integrated Russian oil company headquartered in Moscow. It was Russia's third-largest oil producer and among the ten largest private oil companies in the world. In 2013 it was acquired by Russian oil company R ...
,
Gazprom Neft
Gazprom Neft (; formerly Sibneft, ) is the third largest oil producer in Russia and ranked third according to refining throughput. It is a subsidiary of Gazprom, which owns about 96% of its shares. The company is registered and headquartered in ...
,
Surgutneftegaz
Surgutneftegas ( rus, ПАО «Сургутнефтегаз», p=sʊrɡʊtnʲɪftʲɪˈɡas) is a Russian oil and gas company created by merging several previously state-owned companies owning large oil and gas reserves in Western Siberia. The c ...
,
Bashneft
Bashneft is a Russian oil company formed by the transfer of the oil related assets of the Soviet oil ministry in Bashkortostan to the regional government of the Republic of Bashkortostan by Boris Yeltsin. It was then privatized during 2002-3 by ...
, and
ONGC
The Oil and Natural Gas Corporation Limited (ONGC) is an Indian central public sector undertaking which is the largest government-owned oil and gas explorer and producer in the country. It accounts for around 70 percent of India's domestic pro ...
, the final bid was made only by Bashneft.
[
] The licence was issued to Bashneft on 2 December 2010.
[
]
On 15 April 2011,
Lukoil agreed to acquire a 25.1% stake in the project.
[
]
References
{{Portal, Russia, Energy
Oil fields of Russia
Geography of Nenets Autonomous Okrug
Industry in the Arctic