Sibir Sets Production Record

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Sibir reaches a record equity upstream production in excess of 55,000 bopd. The production record is due to Salym Petroleum, Sibir's 50/50 joint venture with Shell, produced over 96,800 bopd from fields in Western Siberia.

The new SPD production record brings Sibirís 50% share at Salym to over 48,400 bopd which, combined with production from its subsidiary Magma, brings Sibirís total daily production to over 55,000 bopd.

Commenting on the announcement, Sibir CEO, Henry Cameron said, "Reaching the 55,000 bopd production milestone marks a 41% increase in Sibir equity production since the beginning of 2007 as the company closes in on its year-end production target."

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