Due to permanent increase of electricity rates it is very important to reduce electricity bills. Since power consumption of artificial lift systems is the most significant one, it becomes necessary to introduce new energy-saving technologies in this field. If we take ESP systems, for example, the main power consumption comes from submersible induction motors. In order to decrease energy loss and improve the power factor of such pumps it is possible, in particular, to install low-voltage capacitors into pump control stations.

 

TNK-BP plans to cut electricity costs in its artificial lift activities by $31 million this year, as part of the Company’s energy efficiency improvement program.

 

The Company intends to integrate energy-efficient technologies in 6,020 wells, which is 35% more than in 2011. Artificial lift accounts for more than a half of the electricity consumed by TNK-BP. The application of the latest and most advanced engineering solutions and equipment will have a significant economic effect.

 

“Improvement of energy efficiency is one of the most important factors for ensuring production profitability, especially in the brownfields. According to our plans for this year, implementation of a comprehensive power-saving program in our artificial lift activities will save TNK-BP approximately $31 million, which is 30% more than the savings in 2011,” said Eric Liron, Vice President, Wells, TNK-BP.

 

TNK-BP is Russia’s third largest oil company and is owned by BP and the AAR consortium (Alfa Group/Access Industries/Renova) on a parity basis. Additionally, TNK-BP owns approximately 50% of the Russian oil and gas company Slavneft. TNK-BP’s share in Russia’s oil production (including its share in Slavneft) is about 16%. The Company’s total proved SEC LOF reserves are 9.115 billion BOE as of December 31, 2011.