Picture 4 Pad №2 preparation Well heads at Lineynoye

PetroNeft Resources plc is an international oil and gas exploration and
production company, focused on Russia. The company’s shares are
listed on the London AIM and Dublin ESM Markets.

November 10, 2017

Q3 & October 2017 Production Data

PetroNeft provides an update on oil production at Licence 61 in the third quarter of 2017 and for October 2017.

 

Licence 61 Gross Production

Oct-17

Q3-2017

Q2-2017

Q1-2017

FY 2016

FY 2015

Total gross production

65,804

192,956

200,208

224,604

990,887

737,655

Gross bopd

2,123

2,097

2,200

2,496

2,707

2,021

PetroNeft 50% share bopd

1,061

1,049

1,100

1,248

1,354

1,010

 

October 24, 2017

Operations Update – Completion of testing of S-375s well

Highlights
  • Testing of the S-375s well has been completed, confirming the productivity of the reservoir in this part of the oil field.
  • An ESP was run in the well and achieved a peak rate of 210 bopd on an 8 mm choke and a sustained rate of 150 bopd on a 4 mm choke.
  • The well has been shut in until winter roads can allow oil to be trucked to the Lineynoye processing facilities. 


September 29, 2017

H1 2017 Interim Results

Highlights

•         Gross production from Licence 61 in H1 2017 was 2,347 bopd (1,174 bopd net to PetroNeft).

•         Testing of S-375s well continuing

o    Inflow rate of 15 m3/day (94 bopd) achieved

o    Testing will continue for several weeks

    • Electric submersible pump to be installed
Click here for Interim Financial Statements