Sibir Energy continues to set production records at the Salym fields

Jul 03, 2007 02:00 AM

Sibir Energy has reported that the crude oil production rate at its Salym fields now exceeds 80,000 bpd, a new record for the company.
The Salym fields are located in western Siberia and are operated by Salym Petroleum Development NV (SPD is Sibir's 50:50 joint venture with Shell).

The new SPD production record brings Sibir's 50 % share of production at Salym to over 41,000 bpd.
Combined with production from Sibir subsidiary, Magma, at the Yuzhnoye fields in Western Siberia, Sibir's total daily production now exceeds 48,000 bpd.

Commenting on the announcement, Sibir CEO, Henry Cameron said, "On June 26, 2007 Sibir reported record earnings for 2006 and we are backing that up with growing production at Salym in 2007.”
“Sibir will shortly pass the 50,000 boepd milestone."

Source / Sibir Energy
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