Production report for October 2018

Petrosibir's total oil production in October 2018 amounted to 37,502 barrels, equivalent to 1,210 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 13 052 12 381 13 060    
Komi   32 180 29 952 28 255 24 443    
               
Total barrels   44 615 43 006 40 636 37 502    

 

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   401 421 413 421    
Komi   1 038 966 942 788    
               
Total barrels per day   1 439 1 387 1355 1 210    

The reduction of the production volumes in Komi in October was mainly due to bad road conditions which caused a temporary shutdown of a number of wells within the Sosnovskoye field. These wells are now back in production.

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, November 12, 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