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PetroNeft's Second-Quarter Production From Licence 61 Declines

Thu, 09th Aug 2018 11:09

LONDON (Alliance News) - Russia-focused oil and gas firm PetroNeft Resources PLC on Thursday reported a slight dip in quarterly production from its 50% owned Licence 61.

For the three months to June, PetroNeft's shares of production was 1,008 barrels of oil per day, down from 1,128 barrels of oil a day in the first quarter.

The figure is also lower than the 1,100 barrels of oil a day produced in the second quarter of 2017.

Total gross production from the field was 183,368 barrels during the second quarter, compared to 203,114 barrels in the first quarter and 200,208 barrels a year before.

This production, PetroNeft said, includes oil trucked from the Sibkrayevskoye oil field on winter roads, which ended towards the end of April.

PetroNeft shares were untraded on Thursday, last quoted at 1.31 pence each.

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