Pertosibir: Production Report for July 2018
Petrosibir’s total oil production in July 2018 amounted to 44,615 barrels, equivalent to 1,439 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 | ||||||
| Komi | 32 180 | ||||||
| Total barrels | 44 615 |
| 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 | ||||||
| Komi | 1 038 | ||||||
| Total barrels per day | 1 439 |
The production in Bashkiria slightly declined in July mainly due to preparations for the fraccing of wells #9 and #54 in the Ayazovskoye field. The fraccing has just been completed and the wells are cleaning up. The results will be announced in due course. In Komi, trucking of oil from the Sosnovskoye field was resumed in July after the end of the seasonal flooding.
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, August 13, 2018
For more information, please contact:
Pavel Tetyakov, CEO, +46 8 407 1850
p.tetyakov@petrosibir.com
Gunnar Danielsson, deputy CEO and CFO, +46 70 738 0585
gunnar.danielsson@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.