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LandSverige
ListaSmall Cap Stockholm
SektorRåvaror
IndustriOlja & gas
Shelton Petroleum är ett svenskt bolag med inriktning på prospektering av olja och gas i Ryssland och Ukraina. Företaget hette tidigare Petrosibir.
2019-04-16 11:49:34

Petrosibir's total oil production in Bashkiria during March 2019 amounted to 35,027 barrels, equivalent to 1,130 barrels per day.

The table below summarises the average monthly / daily production in 2019 and 2018, broken down by region.

  2018 2019 
 AverageJanFebMar
Total production    
Bashkiria12 91611 88410 6079 826
Komi27 77823 88321 98125 201
Total barrels40 69435 76732 58735 027
     
Per day    
Bashkiria425383379317
Komi914770785813
Total barrels per day1 3391 1541 1641 130

The production decline during March in Bashkiria was primarily caused by shutting down well #12 for a workover to replace the ESP and tubing that has been in operation for a remarkable period of over 5 years. In addition, we observed overall slight decline in production due to the natural decline in reservoir pressure.

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, 16 April 2019

For more information, please contact:
Pavel Tetyakov, CEO, +46 8 407 1850
ptetyakov@petrosibir.com
Gunnar Danielsson, deputy CEO and CFO, +46 70 738 0585
gunnar.danielsson@petrosibir.com 

www.petrosibir.com

The following documents can be retrieved from beQuoted
Petrosibir Pressrelease 2019-04-16.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.