TNK-BP CFO: Not Planning To Cut $4.4 Bln Capex Plan For 2010

28th Jun 2010 10:51

By Alexander Kolyandr Of DOW JONES NEWSWIRES MOSCOW (Dow Jones)--BP PLC's (BP) joint venture in Russia, TNK-BP Holding (TNBP.RS), Monday said it isn't considering any changes to its $4.4 billion capital expenditure plans for 2010, despite BP's bill for the oil leak in the Gulf of Mexico. "As far as TNK-BP is concerned, things are going on as normal," TNK-BP Chief Financial Officer Jonathan Muir told Dow Jones Newswires on the sidelines of an investment conference. TNK-BP's plans are in line with its recent capital expenditure, he said, adding that he is confident they won't be altered. He said the company's investment plan for the next year is based on an oil price of $70 a barrel, which he said is a "good base case" and gives the company enough flexibility. -By Alexander Kolyandr, Dow Jones Newswires; +7 495 232 9198; [email protected] (END) Dow Jones Newswires June 28, 2010 05:51 ET (09:51 GMT)