Sibir Energy - Shaping up & heading for 90,000 bopd -

If you could post anything Zengas, be grateful.

This from SPD today:




Salym Petroleum Development produced 100,000th tonne of oil from West Salym Field


Salym Petroleum Development NV (SPD) has achieved an important landmark in the development of West Salym, which is the largest of the three Salym fields developed by SPD. On December 20, 2005 the 100,000th tonne of oil was produced from this field whereby SPD has achieved a production level stipulated in the West Salym licence as one of the major SPD commitments for 2005.

The first tonnes of oil were produced from West Salym field just one year ago – in mid-December 2004. At the end of November 2005 the key field infrastructure facilities – the Central Processing Facility, in-field supply lines, and an oil export pipeline were commissioned for operation. This paved the way for ramping up production and allowed SPD to meet its oil production commitments in the West Salym Licence Area.

“For SPD, bringing on stream West Salym and production of more than 100,000 tonne of oil from this field represent the most significant events of 2005,” commented SPD CEO Dale Rollins. - “We finish this memorable year in good spirit because we have kept our promise to the SPD Shareholders and delivered on our commitments to the Russian Authorities with excellent performance in health, safety, environment protection and social performance including our responsibility to the community. The accomplishments of SPD and its contractors in the realization of Salym Project in 2005 make a solid base and an encouragement for successful tackling of 2006 challenges. The main challenge will be ensuring the total oil production from all three Salym fields next year in excess of 2 million tonnes (around 15 million bbl).”

Great current flow news. ;-)) Is this 750,000 barrels in 12 months, mainly without connexion to the oil export line?