Novosibirskneftegazwas established on 21 June 1994. At the inception of TNK-BP in 2003, Novosibirskneftegaz was incorporated within the Nyagan upstream business unit. However, due to the size and scope of company activities in Nyagan, Tyumen and Novosibirsk, in July 2006 the Nyagan business unit was transformed into two business units – the Nyagan and Tyumen business units. Novosibirskneftegaz became part of the Tyumen business unit.
Novosibirskneftegaz operates primarily in the north of the Novosibirsk Region at the Verkh-Tarskoe field. It holds recoverable reserves of 16.7 million tons of oil, which is about 60% of all reserves in the region. In addition, Novosibirskneftegaz holds licenses for five areas in the Novosibirsk Region (Rakitinsky, Mezhovsky, Vostochno-Mezhovsky, Chekovsky, and Bochkarevsky), three areas in the Omsk Region (Baklyansky, Litkovsky, Kutissky), and two areas in the Irkutsk Region (Notaisky and Ulkansky).
While the Verkh-Tarskoye oilfield was discovered back in 1970, its commercial development began only in 2000, when the first 31 thousand tons of oil was produced. In the three years that followed, production volumes remained moderate. Substantial production growth began in 2003. In 2008, Novosibirskneftegaz produced 2.077 million tons of oil.
Verkh-Tarskoe is located remotely from any infrastructure, which is the major difficulty in the field’s development. However, Novosibirskneftegaz was able to resolve this problem by completing a 180-kilometer pipeline to Transneft’s oil gathering point.
Crude from the Verkh-Tarskoe field is very similar to the Dated Brent oil grade. It is high-quality, with minimal impurities, low paraffin and sulfur. When refined, it has a 25% higher light fractions yield compared to the Russian average.
In 2008, another field – Rakitinskoye – was put into development and produced a total of 439 tons of oil. In addition, in 2008 a custody transfer unit was put into pilot operation at a rail terminal in Barabinsk.