TNK-BP plans to invest more than $700 million on power generation over the next three years to reduce flaring of so-called associated gas, the company said in an e-mailed statement today. “The key objective for TNK-BP is to substantially increase the share of captive power generation and grow the volume of associated petroleum gas utilisation,” TNK-BP said.
Producing more of its own electricty will “improve hydocarbon production and processing performance,” the company said according to a Reuters report.
