Trebs and Titov oil fields

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 (170×10^⁶ 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]