AFX Europe (Focus): Sibir Energy says early drilling results from Salym fields 'above expectations': “The fields are being developed by Salym Petroleum Development (SPD), a 50/50 joint venture between Shell Salym Development BV and Sibir's subsidiary Evikhon.” (ShellNews.net) 18 April 05
Apr 18, 2005
LONDON (AFX) - Sibir Energy PLC said early drilling results from the Salym fields in Siberia were "above expectations" and "very encouraging".
The fields are being developed by Salym Petroleum Development (SPD), a 50/50 joint venture between Shell Salym Development BV and Sibir's subsidiary Evikhon.
Sibir said that of the six wells completed in West Salym, SPD tested four wells and early production is comfortably exceeding expectations with wells producing at an average rate in excess of the prognosed production of 80 cubic metres (or 500 barrels) a day.
"Given the extent of the reserve and potential for further exploration at Salym this is a very exciting result," said Sibir chief executive Henry Cameron.
Click here for ShellNews.net HOME PAGE