Production report for May 2018

Petrosibir's total oil production in May 2018 amounted to 40,799 barrels, equivalent to 1,316 barrels per day.

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

  2017 2018        
  Average Jan Feb Mar Apr May
Total production            
Bashkiria 13 195 14 155 12 731 13 622 13 123 13 498
Komi 28 633 31 186 29 726 30 300 30 244 27 300
             
Total barrels 41 828 45 341 42 457 43 922 43 367 40 799
             
Per day            
Bashkiria 434 457 455 439 437 435
Komi 941 1 006 1 062 977 1 008 881
             
Total barrels per day 1 375 1 463 1 517 1 417 1 446 1 316

The production during May was down due to seasonal flooding in Komi, which results in no access to the Sosnovskoye oil field. This is common during most years, production will recover once the flooding is over, which we expect to be in the end of June - beginning of July.

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.

This is an English translation of the Swedish original. In case of discrepancies, the Swedish original shall prevail.

Stockholm, June 11, 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.


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