Exillon Energy's Production Output Declines

Exillon Energy, which holds assets in two oil-rich regions of Russia, revealed Wednesday that its average daily production figures are declining.

The company announced that its average daily production output for June 2015 was 15,985 barrels, which represents a slight decrease from its May 2015 production figures of 16,105 barrels per day. Exillon Energy’s average daily production rate in June 2014 was 17,532 barrels.

In June 2015 the average daily production for Exillon TP, a subsidiary located in the Timan-Pechora Basin in the Komi Republic region, was 3,612 barrels, and the average daily output for Exillon WS, a subsidiary located in the Western Siberian Basin in the Khanty-Mansiysk region, was 12,373 barrels. Average daily production for Exillon TP and Exillon WS, in May 2015, was 3,412 barrels and 12,693 barrels, respectively. In June 2014, the average daily production output for Exillon TP and Exillon WS was 3,803 barrels and 13,729 barrels, respectively.

Peak daily production during June 2014 was 17,889 barrels per day, although this figure reduced to 16,847 barrels per day during May 2015 and 16,459 barrels per day during June 2015. Exillon TP’s assets consist of five oil fields in the Komi Republic, which is an established oil producing region, and Exillon WS’s main assets consist of five fields and seven prospects in the Western Siberian Basin, which is the second largest oil region in the world, according to Exillon Energy’s website. 

A graduate in journalism from Cardiff University, Andreas has eight years of experience as a business journalist. Email Andreas at andreas.exarheas@rigzone.com

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