TNK-BP Presents Report on Sustainable Development Work to Leading Environmental NGOs

Moscow, – TNK-BP management have presented a report to leading NGOs on the Company’s key projects to minimize its environmental impact in 2012, including the latest data on its associated gas utilization, incident rates, pipeline replacement program and legacy pollution remediation.

Targeted expenditure on conservation programs, including operating costs and investment, amounted to 9.6 bn rubles in 2012. In the course of the year, the Company dismantled 1,550 km of pipelines in the Khanty-Mansiysk Autonomous District (KhMAO) and began remediation work on 522 hectares of oil-contaminated land. In 2013, TNK-BP plans to boost its spending on these programs to 10.1 bn rubles.

Since the Company was established it has invested over 60 bn rubles in environmental programs and has set up a dedicated $500 mln fund to address its legacy environmental problems. This has resulted in the restoration of 3,199 hectares of land contaminated during Soviet times, when insufficient attention was paid to environmental issues. The Company plans to complete the remediation of all its legacy pollution by 2019.

During the meeting, TNK-BP and representatives of organizations including the World Wildlife Fund, Greenpeace, the Russian Bird Conservation Union, Wetlands International, Transparent World and KhMAO’s “Econadzor” NGO, agreed to continue developing the format of open dialogue on sustainable development issues to disseminate best practices of cooperation between oilmen and ecologists throughout the Russian oil & gas industry.

“TNK-BP is committed to efficient interaction with the environmental NGOs. We’ve established a transparent system of information disclosure – we hide nothing and are committed to making our policies and activities as open as possible. Ongoing dialogue with environmentalists and discussion of the most topical issues are a vital factor in making the Company’s conservation work more effective. We are grateful to our colleagues for their constructive criticism and, most importantly, their recommendations on improving our work to minimize the Company’s environmental footprint”, said Elena Kompasenko, Vice President, Health, Safety and Environment.