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Monday, 01 December, 2008, 22:10 GMT | more >>

West Siberian toasts record quarterly flows



By Upstream staff 

Swedish registered West Siberian Resources said its first-quarter oil output had hit a company record of 3.16 million barrels, up 40% from the year-ago period.

The company said its average daily production of 34,748 barrels in the period from 25,163 bpd in the first quarter of 2006.

West Siberian said it expected total 2008 oil output to rise 41% year on year to 15 million barrels, excluding the effects of its merger with Alliance Oil, which will add further production. The company said Alliance Oil daily production amounted to about 9900 barrels per day.

West Siberia said total oil output from its assets in the Tomsk region was 1.05 million barrels, up from 707,285 barrels a year ago. Flows from the Timano-Pechora region rose to 1.18 million barrels from 641,257 barrels in the same period in 2007. Production from the Volga-Urals region assets hit 938,657 barrels from 916,116 barrels previously.

Nevertheless, West Siberian said production growth was limited in all the regions by intense field activity as part of its 2008 drilling and development programme.


Thursday, 03 April, 2008, 07:56 GMT  | last updated: Thursday, 03 April, 2008, 07:56 GMT

Playground: West Siberian has assets in the Tomsk region
 

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