Selena Oil & Gas Holding AB is an independent, up-stream, Oil and Gas Company with brown field assets in Perm Region in the Russian Federation.
The Company holds assets with estimated 1P reserves of 9.2 Million boe and with 2P reserves of 18.2 Million boe. Selena Oil & Gas is in a phase of developing increased production from its assets.
The Company has in 2014 recommissioned two wells on Fedortsevskoye Oil Field; Well 24 and Well 21 for production.
During 2015 Selena Oil & Gas Company has secured an off-take agreement of RUB 110 M providing financing to acquire and recommission wells on Kuliginskoye Oil Field and on Borkmosskoye Oil Field.
In the fourth quarter 2015, Well 53 and Well 68 on Kuliginskoye Oil Field were acquiered and subsequently enterered into a period of testing.