LONDON (Thomson Financial) - Urals Energy Public Co Ltd said OAO AK Transneft has approved the company's proposed designs and construction of the Dulisminskoye pipeline tie-in to Transneft's Eastern Siberia-Pacific Ocean (ESPO) pump station.
The company said it plans to commence field preparation work for construction of the tie-in pipeline as planned in fourth quarter.
Urals said it expects the Dulisminskoye field, which has reserves of 464 mln barrels of oil equivalent (mmboe), to reach production of 30,000 barrels of oil per day by 2011.
The first oil from the field is expected to flow into Transneft's ESPO in the first half of 2009. TFN.newsdesk@thomson.com rda/faj/vlb COPYRIGHT Copyright Thomson Financial News Limited 2007. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.