Start of production on Yanbayskoye and seismic program - Bashkiria

Highlights

  • Start of production at Yanbayskoye oilfield at 145 bopd.
  • Seismic contract signed for 3D and 2D seismic covering all licences.

As planned the Company commenced commercial production from the new Yanbayskoye oil field on 1 June 2021. The current production rate is 145 bopd from the Kyn-Pashyisky horizon, production from the upper Bobrikovsky horizon will be added in the beginning of July.

As announced earlier and following the successful drilling of Yanbayskaya-1 well Petrosibir filed and registered a reserves report. The State Reserves Committee registered C1 reserves of 6.4 million barrels and C2 reserves of 3.3 million barrels (C1+C2 reserves of 9.7 million barrels) on the Yanbayskoye oil field within the Suyanovskoye licence.

The Company has also signed a contract for a complex 2D and 3D seismic program covering all the licences. The field operations will be launched in July and completed towards the end of 2021/ beginning of 2022. The total area to be covered by 3D is 124.2 km2 over the Ayazovskoye, Ayskoye and Yanbayskoye fields. These surveys will improve the Company's understanding of the fields and help to de-risk further appraisal and development drilling.

In addition, 169 km2 of 2D seismic data will also be acquired over the Ayskaya and Suyanovskaya licences target areas with little or no seismic, yet promising exploration potential.

Pavel Tetyakov, CEO, commented:

"We are incredibly pleased with the start of production from the Yanbayskoye field only 6 months after discovery of the field and ahead of the original schedule. The current flow rate is good and is soon to be increased by adding the Bobrikovsky interval.
The aim of the seismic program is to unveil the full potential of the licences. It will help to increase the assets value by reducing the geological risks and optimising the forward development as well improving our understanding of the remaining exploration potential across our portfolio."

Petrosibir owns 100% of the Russian company "IngeoHolding" and 51% of the Russian company "Company Ufa Petroleum", both in Bashkiria. Each subsidiary holds two exploration/production licences. Petrosibir also owns 49% of the Cypriot company Ripiano Holdings, whose wholly owned Russian subsidiaries hold three production licences in Komi.

Stockholm, 14 June 2021

For more information, please contact:
Pavel Tetyakov, CEO, Petrosibir, tel +46 8 407 1850
[email protected]
Gunnar Danielsson, dep CEO / CFO Petrosibir, tel +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.

Glossary:
C1 + C2: Russian State Reserves C1 + C2, similar to 2P (Proven and Probable reserves)

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

Produktionsrapport för oktober 2021

Petrosibirs sammanlagda oljeproduktion under oktober 2021 uppgick till 30 933 fat, motsvarande 998 fat per dag.


Production report for October 2021

Petrosibir's total oil production during October 2021 amounted to 30,933 barrels, equivalent to 998 barrels per day.


Produktionsrapport för september 2021

Petrosibirs sammanlagda oljeproduktion under september 2021 uppgick till 29 990 fat, motsvarande 1 000 fat per dag.


Production report for September 2021

Petrosibir's total oil production during September 2021 amounted to 29,990 barrels, equivalent to 1,000 barrels per day.






Produktionsrapport för juli 2021

Petrosibirs sammanlagda oljeproduktion under juli 2021 uppgick till 31 405 fat, motsvarande 1 013 fat per dag.


Production report for July 2021

Petrosibir's total oil production during July 2021 amounted to 31,405 barrels, equivalent to 1,013 barrels per day.


Produktionsrapport för juni 2021

Petrosibirs sammanlagda oljeproduktion under juni 2021 uppgick till 31 311 fat, motsvarande 1 044 fat per dag.


Production report for June 2021

Petrosibir's total oil production during June 2021 amounted to 31,311 barrels, equivalent to 1,044 barrels per day.


Kommuniké från årsstämma

Årsstämman i Petrosibir AB hölls den 16 juni 2021 varvid aktieägarna fattade i huvudsak följande beslut.


Communiqué from annual general meeting

Shareholders of Petrosibir AB passed the following main resolutions at the annual general meeting held on 16 Juni 2021.




Produktionsrapport för maj 2021

Petrosibirs sammanlagda oljeproduktion under maj 2021 uppgick till 29 595 fat, motsvarande 955 fat per dag.


Production report for May 2021

Petrosibir's total oil production during May 2021 amounted to 29,595 barrels, equivalent to 955 barrels per day.




Följ oss

Om beQuoted

beQuoted publicerar nyheter, analyser och pressmeddelanden för investerare och journalister. Viktiga företagshändelser bevakas av vår egen nyhetsredaktion och vidaredistribueras i ledande finansiella medier.

Vi uppdaterar även nyhetsrum, Investor Relations och IR-webbplatser för företag som vill utveckla sina relationer med finansmarknaden.

Kontakta oss

beQuoted AB
Nybrogatan 34
Box 5216
102 45 Stockholm

08-692 21 90

Om beQuoted