Petrosibir: Production Report for May 2018
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.
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. |
