JOINT VENTURE STARTS RUSSIAN OIL FIELD FLOW

A U.S.-Russian joint venture has started oil production from North Gubkinskoye oil field in western Siberia. Geoilbent Ltd. began initial production of about 500 b/d from three wells into its recently completed 37 mile pipeline, which has a design capacity of 75,000 b/d of oil. Geoilbent is a joint venture among Benton Oil & Gas Co., Oxnard, Calif., 34%, and two Russian partners, Purneftegasgeologia Industrial Association (PIA) and Purneftegas, each with a 33/3% interest. PIA found North

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