Sibir Energy Reaches 90,000 bopd from Salym Fields

Sibir says a new production record was reached at Salym Petroleum Development NV (SPD), Sibir's 50:50 joint venture with Shell, which achieved production of over 90,000 bopd from the Salym group of fields in Western Siberia.

The new SPD production record brings Sibir's 50% share at Salym to over 45,000 bopd which, combined with production from its subsidiary Magma, brings Sibir's total daily production to over 51,000 bopd.

Commenting on the announcement, Sibir CEO, Henry Cameron said, "Reaching the 90,000 bopd production record at Salym is another major milestone for Sibir. Sibir expects SPD to continue delivering steady increases in production and exceed its year end production target of 100,000 bopd"