Selena Oil & Gas Holding AB is an independent up-stream oil 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 production from its assets.
Selena Oil & Gas Company has 2014 started test production of oil from Well 24 and Well 21, both located at Fedortsevskoye Oil field. The Company officially commissioned Well 24 for production in September 2014, and for Well 21 this status was achieved in October 2014.
The Group has received firm offers to acquire and re-launch additional temporary abandonned wells during the first half of 2015.