Petrosibir: Orlovsky Test Prove High Reservoir Quality but Low Flow Rates

Petrosibir has previously announced that the drilling of well #9 has been completed and that testing started in October. The tests of the Orlovsky horizon has confirmed a high reservoir quality, however, at low flow rates. Certain measures are planned to improve the productivity. Petrosibir is also going to test the Pashiysky horizon which is the main producing reservoir of the Ayazovskoye field.

Petrosibir has decided wait for further test results from well #9 before the Interim management report for January – September 2016 is published. The report will be published on 30 November 2016. The previously announced date was 18 November 2016.