Sibir presses for nod to develop Russian Salym oil fields

Sibir Energy PLC, London, expressed confidence that development of the Salym oil fields in Western Siberia will begin this year, resulting in first oil production in 2003. The group expects production to rise steadily from 1,270 b/d in 2003 to 134,000 b/d in 2011, when production will plateau before declining. Peak production is seen at 143,500 b/d in 2013.Development of the Salym fields has been delayed pending the finalization and granting of suitable production sharing agreement (PSA) terms (OGJ Online, Apr. 17, 2001). Sibir said it told its partner Royal Dutch Petroleum Co. that it is advisable to "proceed with the development as soon as possible and that if Shell do not agree to proc...

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