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Robert Dudley TNK-BP CEO says a protracted decline

By Amarendra Bhushan for CEOWORLD Magazine Updated:October 29, 2008

TNK-BP is a leading Russian oil company and is among the top ten privately-owned oil companies in the world in terms of crude oil production. The company was formed in 2003 as a result of the merger of BP’s Russian oil and gas assets and the oil and gas assets of Alfa, Access/Renova group (AAR). BP and AAR each own 50% of TNK-BP. The shareholders of TNK-BP also own close to 50% of Slavneft, a vertically integrated Russian oil company.

Russia’s oil production has likely entered a protracted decline, the chief executive of one of the country’s largest oil producers, TNK-BP , said . “2009 will be the first year when Russia’s production is likely to fall and it has already likely reached its peak this year, in August,” Bob Dudley told the Oil and Money conference in London.
“It looks like it will begin a gentle decline for some time,” he added.

Robert Dudley
President and Chief Executive Officer

Robert (Bob) Dudley assumed his current role at the time TNK-BP was formed in 2003 and is Chairman of the Management Board and chairs the company’s Policy and Compliance Committee.

Bob holds a degree in Chemical Engineering (University of Illinois, USA), MIM from Thunderbird (USA) and an MBA from SMU (USA).

Immediately prior to his current role, he served as Group Vice President responsible for BP’s upstream businesses in Angola, Egypt, Russia, the Caspian Region and Algeria. He was previously Group Vice President for BP’s Renewables and Alternative energy activities with responsibilities for BP’s global solar business, wind and hydrogen activities. Prior to that he served as an Executive Assistant to the BP Group Chief Executive Officer.

Earlier work included roles for BP Group Strategy in London, following a similar role with Amoco Corporation in Chicago.

Bob has worked broadly across the international oil industry. Before the merger with BP, he was based in Moscow from 1994 through 1997 in a role of corporate development for Amoco’s upstream and downstream businesses in Russia. Prior to that he worked on the restructuring of oil and gas R&D activities in the US, and between 1987 and 1993, he worked on the negotiation and development projects in the South China Sea.

In the 1980’s he served in a variety of commercial and operating roles in the USA and the UK sector of the North Sea working in Chicago, Aberdeen and Houston.

He is a member of the Board of the US-Russia Business Council, a member of the Coordination Council of the newly formed Moscow School of Management (Skolkovo), a member of the Board of Fellows of the Thunderbird (School of Global Management) and a member of the Society of Petroleum Engineers.

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