Siberia | Materials, extraction

Tomskneft slashes capital investments for 2009

17 Mar '09
Tomsk-based Rosneft subsidiary Tomskneft BNK today warned it would slash capital investments and exploration drilling by almost 50% to $215.3m in Tomsk region in 2009.

The firm blamed the ongoing financial crisis and falling oil prices in the global market.

In 2009 the company plans to commission 57 wells whereas in 2008 it set up 118 wells, sources added.
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Locations: Tomskaya oblast

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