Salym Petroleum raises oil output in Siberia's Salym field

Eric Watkins
Senior Correspondent

LOS ANGELES, Oct. 25 -- Salym Petroleum Development NV (SPD), a joint venture of Royal Dutch Shell PLC and Sibir Energy PLC, reported a record-high oil production rate at Salym field in the Khati-Mansi autonomous region of western Siberia.

Salym said the rate of production at Salym fields, which include West Salym, Upper Salym, and Vadelyp, exceeded 100,000 b/d one month ahead of schedule. An SPD spokesman said the production increase was due primarily to exploration of West Salym field.

SPD CEO Harry Brekelmans said SPD, which had doubled production in 16 months to 100,000 b/d from 50,000 b/d, has produced more than 22 million bbl of crude this year.

In 2004, SPD began oil production from wells in West Salym, the largest of the Salym group of oil fields in the region (OGJ Online, Dec. 23, 2004).

Contact Eric Watkins at hippalus@yahoo.com.

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