Petroneft has achieved record production after completing its three well initial development programme on the southern extension of Arbuzovskoye in Licence 61.
The firm, which operates in Tomsk Oblast, Russia, said the additional wells boosted current gross production from Licence 61 to about 3,500 bopd.
Dennis Francis, chief executive officer of Petroneft, said:”Licence 61 production has achieved a record rate of 3,500 bopd due to the successful programme at South Arbuzovskoye. Also, in light of this success, we have added one further well to the programme that is not yet on production. 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. This exceptional technology will help us to economically and efficiently develop the significant reserve base and exploration potential of Licence 61.
“In the near term we look forward to completion of the A-216 well at South Arbuzovskoye which will add production and the S-374 delineation well at Sibkrayevskoye which will further define the field with the objective of moving P3 to P2 reserves.”
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