Petrosibir: Production Report for May 2018

Saul Haslam — June 11, 2018

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Petrosibir’s total oil production in May 2018 amounted to 40,799 barrels, equivalent to 1,316 barrels per day.

The table below summarises the average monthly / daily production in 2017 and the production in 2018 broken down by region.

	2017	2018
	Average	Jan	Feb	Mar	Apr	May
Total production
Bashkiria	13 195	14 155	12 731	13 622	13 123	13 498
Komi	28 633	31 186	29 726	30 300	30 244	27 300

Total barrels	41 828	45 341	42 457	43 922	43 367	40 799

Per day
Bashkiria	434	457	455	439	437	435
Komi	941	1 006	1 062	977	1 008	881

Total barrels per day	1 375	1 463	1 517	1 417	1 446	1 316

The production during May was down due to seasonal flooding in Komi, which results in no access to the Sosnovskoye oil field. This is common during most years, production will recover once the flooding is over, which we expect to be in the end of June – beginning of July.

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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Tags:Petrosibir