Salym Fields Set New Production Record at over 140,000 BOPD

Sibir has announced that the crude oil production rate at its Salym fields exceeded 140,000 barrels per day (bopd), a new record. The Salym fields are located in western Siberia and are operated by Salym Petroleum Development NV (SPD), Sibir's 50:50 joint venture with Shell.

The new SPD production record brings Sibir's 50% share of production at Salym to over 70,000 bopd. Combined with production from Sibir subsidiary, Magma, at the Yuzhnoye fields in western Siberia, Sibir's total daily production now exceeds 76,700 bopd.

Commenting on the announcement, Sibir CEO, Henry Cameron said, "Reaching the 140,000 bopd production mark comes as we approach the third anniversary of the launch of commercial production at Salym. It is a testimony to SPD's ongoing dedication to operational excellence and achievement of its production targets. Sibir applauds the work of all the dedicated people in the field who have made this possible."