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TNK-BP in Talks to Buy Two Itera Oil Fields, Kommersant Says

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May 31 (Bloomberg) -- TNK-BP, the Russian oil producer half-owned by BP Plc, is in talks with OOO Itera to buy two oil fields in the Orenburg region, Kommersant reported, citing an unidentified person at the gas explorer.

The two fields are valued at about $100 million and could together produce as much as 400,000 metric tons of crude a year, or 8,000 barrels a day, Kommersant said.

To contact the reporter on this story: Jake Rudnitsky in Moscow at jrudnitsky@bloomberg.net

To contact the editor responsible for this story: Brad Cook at bcook7@bloomberg.net