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PetroNeft increases drilling, completion activity in Western Siberia

PetroNeft Resources PLC will expand a stimulation program at Tungolsky license 61 and start a drilling program at Ledovy license 67 in the Tomsk Region of Western Siberia.

PetroNeft expanded a 5-well reservoir stimulation program in license 61 to seven wells for first-quarter 2022. NewTech Well Services LLC will perform the stimulations based on the original five-well contract signed on Nov. 12, 2021.

Successful reservoir stimulation of L-115 well (Lineynoye field) and S-373 well (Sibkrayevskoye field) last year provided technical information for program expansion. Six wells will be in Lineynoye field, and one will be in Arbuzovskoye field. Overall production is expected to increase 350-650 b/d from the seven-well program.

PetroNeft Resources plc (LON:PTR) is an international oil and gas exploration and production company, focussed on Russia. The company’s shares are listed on the London AIM and Dublin ESM Markets.

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