Petrosibir has commenced drilling in Bashkiria

Petrosibir has started the drilling of its first exploration well. The well will be drilled to a total depth of 2,300 metres. The license block is surrounded by other producing oil and gas fields.

”I am very pleased that Petrosibir’s drilling programme in Bashkiria now has commenced. Our analyses of the old wells from the sixties give us good reason to feel optimistic,” says CEO Robert Karlsson.

Petrosibir has acquired an exploration license for oil and gas in the Russian republic of Bashkiria. Bashkiria is situated south-west of the Ural Mountains and has a favourable climate for exploration and production.

Earlier this year, Petrosibir successfully completed a private placement of SEK 56 million to finance the drilling of two exploration wells and the collection of seismic data.