Trebs and Titov oil fields | |
Country: | Russia |
Region: | Nenets Autonomous Okrug |
Offonshore: | onshore |
Location Map: | Russia |
Coordinates: | 68.6531°N 57.8278°W |
Relief: | yes |
Operator: | Bashneft |
Partners: | Bashneft (74.9%) Lukoil (25.1%) |
Recover Oil T: | 210.9 |
Trebs and Titov oil fields is a complex of Arctic oil fields in the Timan-Pechora Basin in Nenets Autonomous Okrug, Russia.
The oil fields have around 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]