Production report for July 2018

Petrosibir's total oil production in July 2018 amounted to 44,615 barrels, equivalent to 1,439 barrels per day.

The tables below summarises the average monthly / daily production in 2017 and 2018, broken down by region.

TOTAL PRODUCTION, BBL 2017 2018          
  Average Jan Feb Mar Apr May Jun
Bashkiria 13 195 14 155 12 731 13 622 13 123 13 498 12 614
Komi 28 633 31 186 29 726 30 300 30 244 27 300 24 086
               
Total barrels 41 828 45 341 42 457 43 922 43 367 40 799 36 700
               
    Jul  Aug Sep Okt  Nov Dec
Bashkiria   12 434          
Komi   32 180          
               
Total barrels   44 615          

 

PRODUCTION PER DAY, BBL 2017 2018          
  Average Jan Feb Mar Apr May Jun
Bashkiria 434 457 455 439 437 435 420
Komi 941 1 006 1 062 977 1 008 881 803
               
Total barrels per day 1 375 1 463 1 517 1 417 1 446 1 316 1 223
               
    Jul Aug Sep Okt Nov Dec
Basjkirien   401          
Komi   1 038          
               
Total barrels per day   1 439          

The production in Bashkiria slightly declined in July mainly due to preparations for the fraccing of wells #9 and #54 in the Ayazovskoye field. The fraccing has just been completed and the wells are cleaning up. The results will be announced in due course. In Komi, trucking of oil from the Sosnovskoye field was resumed in July after the end of the seasonal flooding.

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, August 13, 2018

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]

www.petrosibir.com

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.

Webbplats
petrosibir.com
Bransch
Olja och gas

Prenumerera

Få löpande information från Petrosibir via e-post.

Handelsinformation

Marknad beQuoted inofficiella Kortnamn PSIB-B ISIN-kod SE0000514572