TNK-BP invites contractors to discuss high-tech equipment deliveries for major projects

Moscow, August 1, 2012 – On august 9, TNK-BP will hold a discussion with contractors on the logistics of importing high-tech equipment for the Company’s major projects, aimed at achieving greater efficiency and pricing transparency.

TNK-BP is one of the biggest consumers of logistical services, spending around $24 million on freight forwarding services for high-tech equipment in 2011 alone. In line its strategic objectives, the Company is shipping a growing volume of equipment gas treatment and processing and gas-turbine power stations for major projects at mature fields in Orenburg Region, as well as new fields in Uvat and VCNG.

Olga Malyshkina, TNK-BP Vice President, Supply Chain Management, notes: “The Company is interested in long-term collaboration and the provision of the full range of complex freight forwarding services. This open dialogue with contractors in the form of a round table will give us the opportunity to discuss ways of working together more efficiently. TNK-BP is a reliable partner, which honours its commitments to contractors unconditionally and in full. TNK-BP’s rigorous transport safety standards and strict service quality requirements are essential preconditions for the successful execution of major projects in the regions where we operate.”

To prepare an application to participate in TNK-BP’s meeting with contractors on the dispatch of foreign equipment, please go to http://www.tnk-bp.ru/conference/

Information for editors:

TNK-BP is Russia’s third largest oil company and is owned by BP and the AAR consortium (Alfa Group/Access Industries/Renova) on a parity basis. Additionally, TNK-BP owns approximately 50% of the Russian oil and gas company Slavneft. TNK-BP’s share in Russia’s oil production (including its share in Slavneft) is about 16%. The Company’s total proved SEC LOF reserves are 9.115 billion BOE as of December 31, 2011.

References to “TNK-BP” or “the Group” mean “TNK-BP International and the Company’s consolidated subsidiaries” unless the context requires a different reading.

For further information please contact:

Public Affairs Division: Tel. (495) 363-27-57

media@tnk-bp.com

www.tnk-bp.ru