Trebs and Titov oil fields
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Trebs and Titov oil fields is a complex of Arctic oil fields in the Timan-Pechora Basin in Nenets Autonomous Okrug, Russia.
| Trebs and Titov oil fields | |
|---|---|
 Location of Trebs and Titov oil fields | |
| Country | Russia |
| Region | Nenets Autonomous Okrug |
| Offshore/onshore | onshore |
| Coordinates | 68°39′11″N 57°49′40″E |
| Operator | Bashneft |
| Partners | Bashneft (74.9%) Lukoil (25.1%) |
| Production | |
| Recoverable oil (million tonnes) | 210.9 |
The oil fields have around 1.1 billion barrels (170×106 m3) of estimated oil reserves.[1] Recoverable reserves are 78.1 million tons in the Trebs field and 132.8 million tons in the Titov field.[2][3] In 2006, the Trebs and Titov fields were designated as "strategic fields".[4]
The license for development of these fields was auctioned in 2010. Although initial interest was shown by Lukoil, TNK-BP, Gazprom Neft, Surgutneftegaz, Bashneft, and ONGC, the final bid was made only by Bashneft.[5] The licence was issued to Bashneft on 2 December 2010.[6]
On 15 April 2011, Lukoil agreed to acquire a 25.1% stake in the project.[7]
References
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