Trebs and Titov oil fields is a complex of Arctic

oil field A petroleum reservoir or oil and gas reservoir is a subsurface accumulation of hydrocarbons contained in porous or fractured rock formations. Such reservoirs form when kerogen (ancient plant matter) is created in surrounding rock by the presence ...

s in the Timan-Pechora Basin in Nenets Autonomous Okrug, Russia. Oil fields have around of estimated oil reserves. Recoverable reserves are 78.1 million tons in the Trebs field and 132.8 million tons in the Titov field. In 2006, the Trebs and Titov fields were designated as "strategic fields". The license for development of these fields was auctioned in 2010. Although initial interest was shown by

Lukoil The PJSC Lukoil Oil Company ( stylized as LUKOIL or ЛУКОЙЛ in Cyrillic script) is a Russian multinational energy corporation headquartered in Moscow, specializing in the business of extraction, production, transport, and sale of petrol ...

, TNK-BP, Gazprom Neft,

Surgutneftegaz Surgutneftegas ( rus, ПАО «Сургутнефтегаз», p=sʊrɡʊtnʲɪftʲɪˈɡas) is a Russian oil and gas company created by merging several previously state-owned companies owning large oil and gas reserves in Western Siberia. The ...

Bashneft Bashneft is a Russian oil company formed by the transfer of the oil related assets of the Soviet oil ministry in Bashkortostan to the regional government of the Republic of Bashkortostan by Boris Yeltsin. It was then privatized during 2002-3 by ...

, and

ONGC The Oil and Natural Gas Corporation (ONGC) is a central public sector undertaking under the ownership of Ministry of Petroleum and Natural Gas, Government of India. It is headquartered in New Delhi. ONGC was founded on 14 August 1956 by the ...

, the final bid was made only by Bashneft. The licence was issued to Bashneft on 2 December 2010. On 15 April 2011,

agreed to acquire 25.1% stake in the project.

References

{{Portal, Russia, Energy Oil fields of Russia Geography of Nenets Autonomous Okrug Industry in the Arctic