Existing Production

  • Arcticneft is a Russian closed joint stock company incorporated in 1998 in order to develop the Peschanoozerskoe field
  • E&P license valid till 31 December 2067
  • Urals Energy acquired 100% of Arcticneft in July 2005
  • located with direct route to European markets
  • high quality, light oil (46.7┬░API) with low sulphur content (0.075%)
  • crude sold with an average premium of US$1.8/bbl to Brent (November 2012)
  • HSE
    • 150 employees
    • associated gas is fully utilised
    • operations are in compliance with Russian safety standards and HSE regulations
Miller and Lents Reserves Report
as of Jan 2014
  Oil (MMbbl)
Proved 24,0
Probable 13,4
   
2P 37,4
Possible 3,7
3P 41,4

Share Price [UEN]

share price at 05:05
on 24/05/2017