News
September 26, 2018
H1 2018 Interim Results
Highlights
• Gross production from Licence 61 in H1 2018 was 2,135 bopd (1,068 bopd net to PetroNeft).
• Testing of C-4 well continuing
o Testing will continue for several week
August 28, 2018
Drilling Update – C-4 Well
Highlights
· Successful well proves up significant northern half of the Cheremshanskoye field with oil tested from two horizons at a combined prorated flow of 399 bfpd, exceeding expectations.
· The well is the first one drilled with the help of 3D seismic data acquired by PetroNeft in 2014 and is approximately 5km from the previous two oil wells which were drilled along the southern boundary of the field (C-1 & C-3).
· Result has the potential to increase reserves by 40 mmbbls (20 mmbbls net to PetroNeft)
· Total net pay across both Jurassic intervals is 10.4 m
August 9, 2018
Q2 2018 Production Update
Oil production at Licence 61 for the second quarter of 2018.
|
Licence 61 Gross Production |
Q2-2018 |
Q1-2018 |
Q4-2017 |
Q3-2017 |
Q2-2017 |
FY 2017 |
FY 2016 |
FY 2015 |
|
Total gross production bbls |
183,368 |
203,114 |
198,708 |
192,956 |
200,208 |
816,476 |
990,887 |
737,655 |
|
Gross bopd |
2,015 |
2,257 |
2,160 |
2,097 |
2,200 |
2,237 |
2,707 |
2,021 |
|
PetroNeft 50% share bopd |
1,008 |
1,128 |
1,080 |
1,049 |
1,100 |
1,118 |
1,354 |
1,010 |
August 7, 2018
Drilling Update
Drilling of the Cheremshanskoye No. 4 (C-4) well has commenced in recent days. The C-4 well is designed to further delineate and de-risk the Cheremshanskoye field in advance of field development.
August 1, 2018
Fraud Warning – fake website – www.petroneftoil.com
It has come to our attention that the above fake website has been setup in an attempt to defraud potential buyers of oil products. We have contacted the website Registrar to have the site removed.
July 12, 2018
Statement on Media Speculation
PetroNeft (AIM: PTR), notes the speculation in media regarding the potential disposal of Licence 61. The Company is examining a number of options in relation to maximising shareholder value. This process is at a very early stage and there is no certainty that any transaction will be completed. Further announcements will be made in the event of a material development.
June 27, 2018
Final Results 2017
2017 Final Results
PetroNeft (AIM: PTR) owner and operator of Licences 61 and 67, Tomsk Oblast, Russian Federation, is pleased to report its final results for the year ended 31 December 2017.April 26, 2018
Quarterly Production Update
Oil production at Licence 61 for the first quarter of 2018.
|
Licence 61 Gross Production |
Q1-2018 |
Q4-2017 |
Q3-2017 |
Q2-2017 |
Q1-2017 |
FY 2017 |
FY 2016 |
|
Total gross production |
203,114 |
198,708 |
192,956 |
200,208 |
224,604 |
816,476 |
990,887 |
|
Gross bopd |
2,257 |
2,160 |
2,097 |
2,200 |
2,496 |
2,237 |
2,707 |
|
PetroNeft 50% share bopd |
1,128 |
1,080 |
1,049 |
1,100 |
1,248 |
1,118 |
1,354 |
March 22, 2018
Update on 2018 Work Programme
• Drilling of the Cheremshanskoye No. 4 (C-4) Appraisal Well in Licence 67.
• Continued testing at Sibkrayevskoye in Licence 61.
• Studies for West Lineynoye L-8 Lobe Development in Licence 61.
• Continued testing at Sibkrayevskoye in Licence 61.
• Studies for West Lineynoye L-8 Lobe Development in Licence 61.
January 25, 2018
Quarterly Production Update
Production at Licence 61 in the fourth quarter of 2017.
|
Licence 61 Gross Production |
Q4-2017 |
Q3-2017 |
Q2-2017 |
Q1-2017 |
FY 2017 |
FY 2016 |
FY 2015 |
|
Total gross production |
198,708 |
192,956 |
200,208 |
224,604 |
816,476 |
990,887 |
737,655 |
|
Gross bopd |
2,160 |
2,097 |
2,200 |
2,496 |
2,237 |
2,707 |
2,021 |
|
PetroNeft 50% share bopd |
1,080 |
1,049 |
1,100 |
1,248 |
1,118 |
1,354 |
1,010 |
January 17, 2018
Financing Update
Highlights
• US$2 million loan agreed with Petrogrand AB
• Operations – Winter production from Sibkrayevskoye is getting underway
• US$2 million loan agreed with Petrogrand AB
• Operations – Winter production from Sibkrayevskoye is getting underway
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
September 5, 2017
Operations Update – Drilling of S-375 well completed
Highlights
· S 375 delineation well and S-375s sidetrack well contain 4.8 m and 14.8 m respectively of net oil pay based on log and core data
· Testing contractor being mobilised to field with results expected by end September
· Reserve calculation and Development Plan being updated
· S 375 delineation well and S-375s sidetrack well contain 4.8 m and 14.8 m respectively of net oil pay based on log and core data
· Testing contractor being mobilised to field with results expected by end September
· Reserve calculation and Development Plan being updated
July 28, 2017
Q2 2017 Production Data
PetroNeft provides an update on oil production at Licence 61 in the second quarter of 2017.
|
Licence 61 Gross Production |
Q2-2017 |
Q1-2017 |
Q4-2016 |
Q3-2016 |
Q2-2016 |
FY 2016 |
FY 2015 |
|
Total gross production |
200,208 |
224,604 |
255,068 |
305,126 |
223,877 |
990,887 |
737,655 |
|
Gross bopd |
2,200 |
2,496 |
2,772 |
3,317 |
2,460 |
2,707 |
2,021 |
|
PetroNeft 50% share bopd |
1,100 |
1,248 |
1,386 |
1,658 |
1,230 |
1,354 |
1,010 |
July 20, 2017
Operations Update – Drilling of S-375 well commenced
PetroNeft (AIM: PTR) is pleased to announce that it has commenced drilling the S-375 delineation well at Sibkrayevskoye. It is expected to take up to eight weeks to drill and test the well. The S-375 well is being drilled on the northern structural lobe of the field approximately 2km south of existing wells that contained about 10m of net pay.
June 30, 2017
Final Results 2016
Highlights
• Significant success in horizontal drilling at South Arbuzovskoye although result of the 10km step-out S-374 well on Sibkrayevskoye was disappointing
• Gross production from Licence 61 increased 35% compared to 2015:
• Significant success in horizontal drilling at South Arbuzovskoye although result of the 10km step-out S-374 well on Sibkrayevskoye was disappointing
• Gross production from Licence 61 increased 35% compared to 2015:
o Gross production 990,931 barrels of oil• 65.0 mmbbls total proved and probable (2P) reserves net to PetroNeft
o Average gross production of 2,707 bopd (2015: 2,021 bopd)
o Net to PetroNeft 1,353 bopd (2015: 1,010 bopd)
April 28, 2017
Q1 2017 Production Data
Oil production at Licence 61 in the first quarter of 2017.
|
Licence 61 Gross Production |
Q1-2017 |
Q4-2016 |
Q3-2016 |
Q2-2016 |
Q1-2016 |
FY 2016 |
FY 2015 |
|
Total gross production |
224,604 |
255,068 |
305,126 |
223,877 |
206,816 |
990,887 |
737,655 |
|
Gross bopd |
2,496 |
2,772 |
3,317 |
2,460 |
2,273 |
2,707 |
2,021 |
|
PetroNeft 50% share bopd |
1,248 |
1,386 |
1,658 |
1,230 |
1,136 |
1,354 |
1,010 |
March 31, 2017
2017 Work Programme and Financing agreed with Oil India
In order to further de-risk the field before committing to significant full field development expenditure it has been decided to drill an additional delineation well, S-375, before commencing the full development of the field. The S-375 well will be drilled on the northern structural lobe of the field approximately 2km south of existing wells that contained approximately 10m of net pay. This well will be spudded in Q2-2017 and completed this summer.
