Sibir’s equity production from its upstream units now exceeds 55,000 barrels per day (bopd). The new production record was reached as Salym Petroleum Development NV (SPD), Sibir’s 50:50 joint venture with Shell, achieved production of over 96,800 bopd from the Salym group of fields in Western Siberia.

The new SPD production record brings Sibir’s 50% share at Salym to over 48,400 bopd which, combined with production from its subsidiary Magma, brings Sibir’s total daily production to over 55,000 bopd.

Commenting on the announcement, Sibir CEO, Henry Cameron said, “Reaching the 55,000 bopd production milestone marks a 41% increase in Sibir equity production since the beginning of 2007 as the company closes in on its year-end production target.”