Has anyone please got any info on this one? It was supposed to start trading again in July and then August - almost end of August and nothing!

B/one, if all appeals etc. thrown out in court by Sibneft vs.Sbe in Moscow ,how no RNS, any views

When is the News Release for this Jump???? BANKONE???

Is jump today to do with oil pipe connection news or court news,any views.

Just checked with People in the Field , and the Pipe connection is not their yet.

It seems there is an article in today's Times that the jump in SBE is because of an unrelated acquisition by Urals Energy but which highlighted the price of oil in Russia and indicated how cheap SBE was. Broker indicative price is now in excess of
4.

WDIK, PDYOR.

camlad

-12% , Whats the News????

Is this a tree shake or some hidden disaster,B/ONE,where are you.

phoned around the field and no clues!!!. Bought in some more , in case of a bounce!

From Moscow Times Today!!!


Sibneft Refinery Decision


Oil firm Sibneft claimed control of one of Russia's largest refineries together with its partner Tatneft on Tuesday, citing a favorable court decision.

A Sibneft spokesman said that Sibneft's and Tatneft's combined stakes in the Moscow refinery had risen to 56 percent of voting shares from less than 50 percent following a court decision to ban the refinery from paying dividends on preferred shares out of 2004 results.

Under Russian law, preferred shares become voting shares if dividends are not paid. The ruling could be a blow for Sibir Energy, which has a 45 percent interest in the Moscow Oil & Gas Company. MOGC, which has had control of the plant up to now, is majority owned by the city of Moscow. (Reuters)

Anyone know whu the incrase in SP today?

Pipe-line official opening on Friday is the rumour.

is it rumours about that russian oil co looking for takeoVer targets im out of these soon as im able to much politic and coruption they haVe to contend with.

Salym Petroleum CPF On Stream!
22-Nov-2005
It is with great pleasure that I announce that Salym Petroleum has commenced to import oil from drilling cluster K-20 into the main Central Processing Facilities, and the flare has been lit!

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The oil flow commenced Saturday, November 19, at 11.30 Moscow time, with the flare being lit Monday, November 21, at 09:00 Moscow time. This occurred 26 months after official Project Sanction, with the project receiving Russian Federation permits from the Fire (PozhNadzor), Sanitation and Medical (SanEmpedemStantsii) and Technical (RosTechNadzor) Inspectorates to start up.

The starting of the heaters and filling of process facilities and stock tanks will take approximately 10 days, after which the booster and export pumps will start exporting onspec crude into the 90 kilometer export pipeline. Filling the pipeline will take another 2 weeks, meaning that our oil will reach the Custody Transfer Facilities for input into Transneft around December 15th. Contracts are in place!

The Bolshaya Neft event, meaning Big Oil (as First Oil was achieved a year early), will take place later this week to commemorate this event, at which time the Governor of KhMAO will officially "start" our facilities. We are preparing a video of the start-up, which will include scenes from this event, and will have the DVD ready shortly so you may enjoy the visual aspects of the start-up.

The above was achieved with SPD's reputation in Siberia being greatly enhanced by delivering on targets in a safe, environmentally and socially responsible manner. Importantly, we maintained an exellent safety record, with a TRCF performance expected to be well below target, under very demanding circumstances. Also, we managed to deliver the project thus far within 5% of the approved budget, and expect the life-cycle budget to come in as prognosed (although we have some work to do to ensure that happens!).

What we achieved was viewed as unlikely at best when SPD started on this road. Special thanks go to all the staff of SPD, who have worked tirelessly to accomplish what has been highlighted above. We still have much to do, but the path to success has been firmly put in place!


Dale Rollins
Chief Executive Officer
Salym Petroleum Development N.V.

24/11/2005

Sibir Announces Start of Commercial Production at Salym Fields


Sibir is proud to announce that, after nine years of involvement with the Salym group of fields, commercial production at the development is set to start on November 25, 2005, delivering on its long-held promise to shareholders to bring this asset on stream. Amongst the largest on-shore developments in Russia, the Salym project is operated by Salym Petroleum Development NV a 50:50 joint venture between Sibirs 100%-owned Evikhon subsidiary and Shell Salym Development BV.


Bringing the project to this stage has been a massive undertaking, accomplished in just 26 months since initial project sanction. Over $650 million has been invested so far to build an enormous infrastructure base, including an all-weather 50 km long road, power supply facilities, five well pads, the first train of the Central Processing Facility (CPF) capable of processing 3 million tonnes (22 million barrels) of oil per year (to be later extended to 9 million tonnes, or 66 milllion barrels, per year), in-field supply lines, an 88 km long oil export pipeline and other facilities.


On November 25, 2005 key infrastructure such as the CPF and oil export pipeline, which will transport the Salym oil to Transneft system, will come on stream. With this development the Salym fields will enter a fundamentally new phase dedicated to swiftly ramping up production. To this end, in 2006 four drilling rigs will be in operation at West Salym and a 5th drilling rig will be mobilized at Vadelyp. In addition to the 30 wells brought on stream in 2005, over 80 new development wells are slated for drilling in 2006 to achieve a total production of not less than 2 million tonnes (14.6 million barrels) as outlined in the technological schema.


The Salym development is a world class project by any measure with over 115 million tonnes (839 million barrels) of scope of recovery reserves and an expected peak production rate of not less than 22.6 thousand tonnes (165 thousand barrels) per day as in the technological schema by the end of the decade. Total project investment is forecast at $1.25 billion over the life of the project and is estimated to contribute over $ 12 billion in tax revenues to the Russian budget. At its peak in 2005 the project employed over 4,200 staff and contractors with over 90% of full-time staff made up of Russians.


An opening ceremony for Salym involving over 200 dignitaries, press, contractors and guests is being held on November 25 to mark the launch of production


Commenting on this landmark event, Henry Cameron, CEO of Sibir, said, Almost a decade ago Sibir made a strategic decision to dedicate itself to developing world-class assets in Russia and the launch of production at Salym is the realisation of that vision. Throughout that time the company has benefited from the energy and tireless dedication of many people who shared this vision including shareholders, employees, contractors, government officials in Khanti-Mansisk and Moscow as well as countless others who have made this achievement possible. We are especially proud to have Shell as our partner in the SPD Joint Venture and we publicly acknowledge the excellent work of SPD staff and contractors in bringing this massive project to this stage on time and on budget. By blending the best of international oil-field practice with Russian know-how and ingenuity SPD has established a first-class organisation that is setting new standards for technology, quality, and safety by which all future projects in Russia will be judged.


Hundreds of millions of barrels of oil will flow from the Salym fields over the next several decades. Some of that production will be sold for export, but more than half will go towards serving the energy needs of Russias growing economy. Through its Joint Venture partnership with the City of Moscow, the Moscow Oil and Gas Company (MOGC) Sibirs domestic crude will be destined for the Moscow City Refinery where it will be converted into fuels to be sold through MOGCs network of petrol stations in Russias booming capital. Thus, Sibir will realize a key component of it vision to create an integrated oil company, serving Russias energy needs from wellhead to wheel.


The Salym project is an example of how private investment in the Russias oil sector creates winning outcomes for all stakeholders: Tax revenues for the region and the federal government, jobs for local citizens, work for local contractors, high environmental and safety standards at the site, energy for Russia and energy for the world. Sibir is very pleased to have been a part of making these benefits a reality

well that is good news i think ill stay in a bit longer . hands off abramo you knob . 165k bopd nice.

Interesting that the Shell Internal Website had the news 2 days ago.(See Post above fromn me with the date 22/11/05).
Unfortunately I was in Holland at the Time and missed it otherwise would have bought a load more shares prior to today.

SPD announces launch of commercial production at Salym fields
24-Nov-2005
The opening ceremony for SPD Big Oil will take place at the operation site on November 25, 2005.

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Salym Petroleum Development NV (SPD) has achieved a major milestone in the development of the Salym Group of oilfields in Khanty-Mansi Autonomous Okrug, launching commercial production at the West Salym, the largest of the Salym fields. The opening ceremony for the launch, called SPD Big Oil, will take place at the operation site on November 25, 2005.

SPD has reached this remarkable landmark in just two years, carrying out an enormous construction program. An all-weather 50 km long road, power supply facilities, five well pads, the first train of the Central Processing Facility (CPF) capable of processing 3 million tonnes of oil per year (to be later extended to 9 million tonnes per year), in-field supply lines, an 88 km long oil export pipeline and other facilities have been put in place. In December 2004, one year ahead of the schedule stipulated by the License Agreement, SPD commenced limited production from initial wells and transported the oil by tanker truck.

On November 25, 2005 the key field infrastructure facilities - the CPF and oil export pipeline, which will transport the Salym oil in the Transneft system, will come on stream. With this event the development of West Salym enters into a fundamentally new phase paving the way to a rapid increase in oil production. In 2006, Upper Salym and Vadelyp will be tied-in to the West Salym CPF. The total oil production from all three Salym fields will be in excess of 2 million tonnes per year in 2006, outlined in the technological schema (around 15 million bbl).

Completing the West Salym CPF and the export pipeline and streaming 30 production wells are major accomplishments for SPD, commented SPD CEO Dale Rollins. - Our employees and our contractors have worked tirelessly for two years to achieve this goal and we are collectively very proud to see commercial production start on schedule. In reaching this milestone we have delivered on our commitments to both our shareholders and the Russian authorities. In addition to these operational accomplishments SPD has experienced explosive growth as a company. From an organization of just 15 employees in early 2003 SPD has grown into a large company of over 700 Russian and foreign specialists representing 14 nations, with Russian employees making up nearly 90% of the full-time staff. Currently, SPD is one of the most dynamic oil companies operating in Russia. Our achievements in West Salym development give us the confidence that the SPD team is prepared to tackle new challenges in the ongoing development of the Salym Fields, the largest new project in the energy sector in West Siberia for many years.

Salym Petroleum Development NV is a company established on a 50:50 basis by Shell Salym Development B.V. and OAO NK Evikhon controlled by Sibir Energy plc. SPD holds licenses for all three Salym fields (West Salym, Upper Salym and Vadelyp), which are located in the Khanty-Mansi Autonomous Okrug in Western Siberia, 190 kilometres from the town of Nefteyugansk.
Around the end of the decade the cumulative oil production from the Salym group of fields will be at least 6 million tonnes per year (around 44 million bbl), outlined in the technological schema. In terms of total investment - US$ 1.25 billion - the Salym Project is one of the largest investment projects with foreign capital in the Russian energy sector.

Salym Petroleum Development Company allocates US$385 Million for Salym fields in 2006
25-Nov-2005
In line with the overall field development plan of the Salym group of oil fields in Western Siberia, US$385 million will be allocated for the operations and continued development in 2006 .

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In line with the overall field development plan of the Salym group of oil fields in Western Siberia, US$385 million will be allocated for the operations and continued development in 2006 . This decision was made by the Supervisory Board of Salym Petroleum Development N.V. (SPD), a 50/50 joint venture between Shell Salym Development B.V. and Sibir Energys Evikhon subsidiary.

In 2006, the US$385 million budget is aimed at further development of Salym fields and increasing oil production in line with the plan, commented SPD CEO Dale Rollins. As in 2005, major construction activities will be carried out at West Salym, the largest of the Salym fields. Our top priorities will include construction and commissioning of a second train at the Central Processing Facility capable of handling an additional 3 million tons of oil per year, construction of new well pads and drilling new wells. Four drilling rigs will be in operation at West Salym. The 5th drilling rig is going to be mobilized for drilling activities at Vadelyp, where the first oil is scheduled for late 2006. In total, over 80 new development wells are slated for drilling in 2006 at Salym fields.

The 2006 workscope also includes construction of infield roads and expansion of oil gathering lines. In particular, a 36-km long multiphase interconnecting pipeline will be built to transport produced oil from Upper Salym to West Salym for processing at CPF and further pumping into Transneft system. Late 2006, Vadelyp field will also be hooked-up to that interconnecting pipeline. Thus, the field infrastructure will be used with maximum efficiency.

In 2006, the cumulative oil production from the Salym group of fields is expected to be in excess of 2 million tons (around 15 mln. bbl).

after there pipeline opening and production starting thought we would push on to much higher leVel somewhere aboVe 400 any Views .some big buyers comeing back but slow to moVe up.

Traded low as far as 299 early morning,then climbed up to 325, only up 2.50 ,whats going on.