Bifogade filer
Petrosibir Pressrelease 2018-06-11 English.pdf
Beskrivning
| Land | Sverige |
|---|---|
| Lista | Small Cap Stockholm |
| Sektor | Råvaror |
| Industri | Olja & gas |
Petrosibir's total oil production in May 2018 amounted to 40,799 barrels, equivalent to 1,316 barrels per day.
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.
| 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.
This is an English translation of the Swedish original. In case of discrepancies, the Swedish original shall prevail.
Stockholm, June 11, 2018
For more information, please contact:
Pavel Tetyakov, CEO, +46 8 407 1850
p.tetyakov@petrosibir.com
Gunnar Danielsson, deputy CEO and CFO, +46 70 738 0585
gunnar.danielsson@petrosibir.com
The following documents can be retrieved from beQuoted
Petrosibir Pressrelease 2018-06-11 English.pdf
About Petrosibir
Petrosibir is a Swedish company focused on exploring and developing concessions in Russia. The company holds licences in the Russian republics of Bashkiria and Komi. Petrosibir's 2P oil and gas reserves amount to 35 million barrels of oil equivalent. The Petrosibir share is traded on the OTC-list at beQuoted under the symbol PSIB-B.