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Beskrivning
| Land | Sverige |
|---|---|
| Lista | Small Cap Stockholm |
| Sektor | Råvaror |
| Industri | Olja & gas |
Petrosibir is pleased to announce the final results of the Sosnovskoye drilling and fraccing campaign and a status update for our Bashkirian operations.
Komi
The drilling and fraccing campaign at the Sosnovskoye oil field in Komi commenced in 2017 and included a total of six wells. Operations have now been completed with the fraccing of the two remaining wells (##33 and 36). The table below table summarises the results of this campaign and includes initial flow rates following drilling and fraccing and also the current flow rates.
| Well | Post drilling initial flow rate, bopd | Post fraccing, Initial flow rate, bopd | Current flow rate, bopd |
| Sosnovskaya #33 | 145 | 217 | 260 |
| Sosnovskaya #34 | 4 | 213 | 137 |
| Sosnovskaya #35 | 19 | 163 | 101 |
| Sosnovskaya #36 | no flow | 43 | 43 |
| Sosnovskaya #39 | 7 | 213 | 181 |
| Sosnovskaya #40 | not tested | 121 | 217 |
Bashkiria
After the conclusion of the successful fraccing campaign at the Sosnovskoye field, the fraccing campaign will now switch to our Baskirian operations where we are scheduling to frac two wells during this summer. The Company is also focused on stabilising production with the help of water injection and well pump optimisation.
Pavel Tetyakov, CEO Petrosibir commented "These fraccing results are very encouraging with significant improvements in well productivity achieved at the Sosnovskoye field. We are now looking forward to seeing if we can replicate these results with our two well fraccing program at our Bashkirian operations scheduled for later this year".
For more information, please contact:
Pavel Tetyakov, CEO, Petrosibir, tel +46 8 407 1850
ptetyakov@petrosibir.com
Gunnar Danielsson, dep CEO / CFO Petrosibir, tel +46 70 738 0585
gunnar.danielsson@petrosibir.com
The following documents can be retrieved from beQuoted
Petrosibir Pressrelease 2018-05-11 English.pdf
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.