News
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.
January 31, 2017
2016 Production Data
Oil production at Licence 61 in 2016.
|
Licence 61 Gross Production |
Q4-2016 |
Q3-2016 |
Q2-2016 |
Q1-2016 |
FY 2016 |
FY 2015 |
|
Total gross production |
255,068 |
305,126 |
223,877 |
206,816 |
990,887 |
737,655 |
|
Gross bopd |
2,772 |
3,317 |
2,460 |
2,273 |
2,707 |
2,021 |
|
PetroNeft 50% share bopd |
1,386 |
1,658 |
1,230 |
1,136 |
1,354 |
1,010 |
