RNS Number : 0491X
Sibir Energy PLC
19 June 2008
Sibir Energy plc ("Sibir")
SPD Production Record
Sibir announces that the crude oil production rate at its Salym fields has now exceeded
125,000 barrels per day (bopd), a new record.
The Salym fields are located in western Siberia and are operated by Salym Petroleum
Development NV (SPD), Sibir's 50:50 joint venture with
Shell.
The new SPD production record brings Sibir's 50% share of production at Salym to over
62,500 bopd. Combined with production from Sibir
subsidiary, Magma, at the Yuzhnoye fields in western Siberia, Sibir's total daily production
now exceeds 69,000 bopd.
Commenting on the announcement, Sibir CEO, Henry Cameron said, "Reaching the 125,000
barrel per day production rate is a tremendous
accomplishment and much credit is due to the continued dedication of the workforce."
Enquiries to:
Henry Cameron, CEO
Moscow +7 495 792 3045
Stuard Detmer, Member of the Board
Moscow +7 495 792 3045
Rory Murphy, Strand Partners Limited
London +44 (0) 20 7409 3494
Nick Miles, M: Communications
London +44 (0) 20 7153 1530
This information is provided by RNS
The company news service from the London Stock Exchange
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