Russian oil company TNK-BP
Russia, the world's top crude producer, is desperate to tap new hydrocarbon resources at the far-flung reaches of the Arctic and East Siberia as its traditional deposits in the West Siberia hinterland are largely depleted.
TNK-BP said it signed an agreement with Russia's oil pipeline monopoly Transneft
The oil reserves and resources of the company's fields in Yamal region are estimated at approximately 5 billion barrels.
The 600 kilometre-long Zapolyarnoye-Purpe pipeline, due to be constructed in 2015-2016, will be part of an oil transportation system connecting Russia's oil exports from the Arctic region with main Eastern and Western routes.
The pipeline is vital for TNK-BP's development of Suzun and Tagul fields. Another link, Purpe-Samotlor, plugs Rosneft's
The oil arm of Russia's gas exporting monopoly Gazprom
TNK-BP plans to start supplies of oil from new fields in the Yamalo-Nenets Autonomous Area and northern Krasnoyarsk region in 2016, while its total upstream investments programme stands at around $45 billion for the next 10 years.
(Reporting by Vladimir Soldatkin; Editing by Melissa Akin and Will Waterman)