Production report for June 2018
Petrosibir's total oil production in June 2018 amounted to 36,700 barrels, equivalent to 1,223 barrels per day.
The table below summarises the average monthly / daily production in 2017 and 2018, broken down by region.
| 2017 | 2018 | ||||||
| Average | Jan | Feb | Mar | Apr | May | Jun | |
| Total production | |||||||
| Bashkiria | 13 195 | 14 155 | 12 731 | 13 622 | 13 123 | 13 498 | 12 614 |
| Komi | 28 633 | 31 186 | 29 726 | 30 300 | 30 244 | 27 300 | 24 086 |
| Total barrels | 41 828 | 45 341 | 42 457 | 43 922 | 43 367 | 40 799 | 36 700 |
| Per day | |||||||
| Bashkiria | 434 | 457 | 455 | 439 | 437 | 435 | 420 |
| Komi | 941 | 1 006 | 1 062 | 977 | 1 008 | 881 | 803 |
| Total barrels per day | 1 375 | 1 463 | 1 517 | 1 417 | 1 446 | 1 316 | 1 223 |
The production in May and June was down mainly due to seasonal flooding in Komi resulting in an inability to be able to truck the oil out of the Sosnovskoye field. We expect the production to recover in July. A slight decline in Bashkiria occurred due to preparing well #54 for fraccing.
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, July 12, 2018
For more information, please contact:
Pavel Tetyakov, CEO, +46 8 407 1850
[email protected]
Gunnar Danielsson, deputy CEO and CFO, +46 70 738 0585
[email protected]
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.
Om Petrosibir
Petrosibir är ett svenskt bolag med inriktning på prospektering och utvinning av olja och gas i Ryssland.
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