Sibir, Shell JV All Smiles Over Salym Oil Field's 130,000 BOPD Milestone

Sibir's 50:50 joint venture with Shell in the Salym group of fields in western Siberia, Salym Petroleum Development NV (SPD), has announced that total crude oil production rate at the fields has passed 130,000 barrels per day (bopd).

The new SPD production record brings Sibir's 50% share of production at Salym to over 65,000 bopd. Combined with production from Sibir subsidiary, Magma, Sibir's total daily production now exceeds 72,000 bopd.

Commenting on the announcement, Sibir CEO, Henry Cameron said, "Reaching the 130,000 bopd milestone is a testament to the outstanding work that SPD team is doing in developing the Salym oil field."