Shelton Petroleum: Workovers Dip Rustamovskoye Production Numbers
Shelton Petroleum’s total oil production in December 2014 amounted to 25,000 barrels, equivalent to 806 barrels per day.
The table below summarizes the production broken down by oil field.
| Dec
2014 |
Dec
2013 |
Jan-Dec
2014 |
Jan-Dec
2013 |
Jan-Dec
2012 |
||
| Lelyaki | 10,410 | 11,480 | 125,141 | 126,565 | 119,950 | |
| Rustamovskoye | 14,590 | 18,320 | 196,236 | 122,305 | 57,900 | |
| Total barrels | 25,000 | 29,800 | 321,377 | 248,870 | 177,850 | |
| Lelyaki | 336 | 370 | 343 | 347 | 328 | |
| Rustamovskoye | 471 | 591 | 538 | 335 | 158 | |
| Total barrels per day | 806 | 961 | 880 | 682 | 486 |
Scheduled workovers have lead to fewer production days and lower production at the Rustamovskoye field in Russia during December 2014. Average daily production at Rustamovskoye so far in January 2015 amounts to 520 barrels per day.
Shelton Petroleum holds 100% of the Rustamovskoye license in Russia. Shelton Petroleum has a 45% working interest in Kashtan Petroleum (holder of the license to the Lelyaki oil field) through its wholly owned subsidiary Zhoda 2001 Corporation. Ukrnafta, Ukraine’s largest oil and gas company, owns the remaining 55%. The production data in the table above represents Shelton Petroleum’s working interest.
