Shelton Petroleum invests SEK 20 million in scalable oil facilities on the Rustamovskoye field in Russia in order to improve efficiency in the handling of current and expected future oil production.

The infrastructure investments will enable a more efficient handling of produced oil from wellhead to point of sale. The investment includes gathering, measurement, separation and storage of crude oil. Initial capacity is slightly less than 2,000 barrels per day, which exceeds the current production of approximately 600 barrels per day. The facilities are scalable and with minor investments the capacity can be further increased to several thousand barrels per day. The design also encompasses tying in future wells from the company's neighboring Aysky and Suyanovskoye licenses. The six hectare infrastructure pad is located 500 meters from the producing wells and only a few hundred meters from the Bashneft pipeline. The company expects to complete the construction of the facilities by the end of the year.

Tags: Shelton Petroleum