Petrosibir Production Report for January 2020

Saul Haslam — February 14, 2020

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Petrosibir’s total oil production during January 2020 amounted to 47,050 barrels, equivalent to 1,518 barrels per day.

The table below summarises the average monthly / daily production in 2020 and 2019, broken down by region.

	2019		2020
	Average	Dec	Jan
Total production
Bashkiria	10 469	10 643	10 622
Komi	24 301	23 209	36 428
Total barrels	34 771	33 852	47 050

Per day
Bashkiria	344	343	343
Komi	799	749	1 175
Total barrels per day	1 143	1 092	1 518

The increase in production in Komi is the result of fraccing of wells drilled in the Sosnovskoye field in 2019. This is still work in progress and a further update will be made in due course.

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.

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