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Monday 5 December 2016

Petroneft's oil output increases

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Dublin-headquartered oil and gas exploration firm Petroneft has seen its production rate rise by about 450 barrels of oil a day during July.

The company currently has a gross production rate of about 2,400 barrels of oil a day.

It's been boosted by a well in western Siberia in which it has a stake.

The well was brought online last week and the average flow rate over the past five days has been over 550 barrels of oil a day.

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