Production report for January 2020
Petrosibir's total oil production during January 2020 amounted to 47,050 barrels, equivalent to 1,518 barrels per day.
The table below summarises the average monthly / daily production in 2020 and 2019, broken down by region.
| 2019 | 2020 | ||
| Average | Dec | Jan | |
| Total production | |||
| Bashkiria | 10 469 | 10 643 | 10 622 |
| Komi | 24 301 | 23 209 | 36 428 |
| Total barrels | 34 771 | 33 852 | 47 050 |
| Per day | |||
| Bashkiria | 344 | 343 | 343 |
| Komi | 799 | 749 | 1 175 |
| Total barrels per day | 1 143 | 1 092 | 1 518 |
The increase in production in Komi is the result of fraccing of wells drilled in the Sosnovskoye field in 2019. This is still work in progress and a further update will be made in due course.
Petrosibir owns 100% of the Russian company Ingeo Holding, which holds a production licence in Bashkiria. Petrosibir also owns 49% of the Cypriot company Ripiano, whose wholly owned Russian subsidiaries hold three production licences in Komi.
Stockholm, 14 February 2020
For more information, please contact:
Pavel Tetyakov, CEO, +46 8 407 1850
[email protected]
Gunnar Danielsson, deputy CEO and CFO, +46 70 738 0585
[email protected]
About Petrosibir
Petrosibir is a Swedish company focused on exploring and developing concessions in Russia. The company holds licences in the Russian republics of Bashkiria and Komi. Petrosibir's 2P oil and gas reserves amount to 35 million barrels of oil equivalent. The Petrosibir share is traded on the OTC-list at beQuoted under the symbol PSIB-B.
This is an English translation of the Swedish original. In case of discrepancies, the Swedish original shall prevail.
Om Petrosibir
Petrosibir är ett svenskt bolag med inriktning på prospektering och utvinning av olja och gas i Ryssland.
Prenumerera
Få löpande information från Petrosibir via e-post.