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AFX Europe (Focus): Sibir Energy says Shell crude oil jv in Salym Fields passes 70,000 bopd

Published: Feb 02, 2007

LONDON (AFX) – Sibir Energy PLC said its 50:50 joint venture with Royal Dutch Shell in the Salym group of fields in western Siberia, Salym Petroleum Development NV (SPD), has reported today that the total crude oil production rate at the fields has passed 70,000 barrels per day (bopd).

Combined with production from Sibir subsidiary, Magma at the Yuzhnoye fields in western Siberia, Sibir said its total daily production now exceeds 43,000 bopd.

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.”

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