Development wells lift Arbuzovskoye output

PetroNeft drilled the development wells on the southern extension of the Arbuzovskoye field. The wells have helped lift output from Licence 61 to about 3500 barrels per day of oil, 1750 net to PetroNeft.

“The production reflects both the good reservoir properties at South Arbuzovskoye and our ability to target the most productive parts of the reservoir with horizontal wells,” PetroNeft chief executive Dennis Francis said.

“This