Petroneft Resources — the Irish explorer with a specific operational focus on Siberia — is planning to re-commence drilling activity “later this year“, depending on successful outcomes of current debt re-financing talks and farm-out discussions.

PETRONEFT — the Irish oil and gas exploration company with a focus on the Russian market — has brought forward to August the expected date for the commencement of production from its two licences in the region.

Irish-based exploration company Petroneft is to begin pumping oil from two fields in Western Siberia before the end of the year.

Irish-based energy company PetroNeft Resources plc has today issued an update on its operations in Russia.