StockMarketWire.com - Petroneft said its Arbuzovskoye well 112 has been successfully tested at an inital rate of 140 bopd with no visible water cut, but that production at two other wells in the field had been reduced.

Arbuzovskoye well 105, the next well in the drilling sequence, was currently drilling ahead.

PetroNeft said production from two Arbuzovskoye oil field wells was temporarily reduced by about 300 bopd due to mechanical issues, which were expected to be fixed by workover or pressure maintenance.

It said total production was running at 2,600 bopd, excluding 400-plus bopd potential from well 112 and the two mechanically reduced Arbuzovskoye wells.






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