Salym Petroleum Development Sets Production Record

Sibir's 50:50 joint venture with Shell in the Salym group of fields in western Siberia, Salym Petroleum Development NV (SPD), reports that the total crude oil production rate at the fields has passed 70,000 barrels per day (bopd).

The new SPD production record brings Sibir's 50% share of production at Salym to over 35,000 bopd. Combined with production from Sibir subsidiary, Magma at the Yuzhnoye fields in western Siberia, Sibir's total daily production now exceeds 43,000 bopd.

Commenting on the announcement, Sibir CEO, Henry Cameron said, "Reaching the 70,000 bopd milestone this early in the year means that production is on track and will continue to gain momentum throughout the rest of 2007."


Our Privacy Pledge

Most Popular Articles
Related Articles

Brent Crude Oil : $49.98/BBL 1.59%
Light Crude Oil : $49.18/BBL 1.56%
Natural Gas : $2.73/MMBtu 1.44%
Updated in last 24 hours