"Success of the S-375 well would provide assurance that there are at least two pads to be developed at Sibkrayevskoye, in which case it is expected that the development of the Sibkrayevskoye oil field will commence in 2018.
The proposed first pad at Sibkrayevskoye has already been delineated by the S-370, S-372 and S-373 wells.
The S-375 well is being drilled within the proposed pad 2 area which is about 2km from the existing wells that found oil and is within the same structural closure.
The S-374 well was more than 10km south in a different structural lobe.
The S-373 well at the proposed pad 1 area has produced oil during the last two winters at consistent rates giving further comfort to the Company of the prospects of the area."
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