ProNeft To Build Pipeline In Russia’s Tomsk Oblast Region

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PtroNeft Resources has reportedly raised US27.5 million from its international investors to fund pipeline and infrastructure work on an oil field located in Licence 61 in the Tomsk Oblast region of Russia.
  The company plans to construct a 43-mile pipeline and associated field structure in the first phase of the development, which will run from the oil field to the Imperial Energy facilities, located at the Kiev-Eganskoye oil field.
  PetroNeft has already acquired more than 90% of the pipe required for the pipeline which is scheduled to commence near year-end or early 2010.
  PetroNeft plans to commence oil production in the third quarter of 2010, initially targeting approximately 4,000 bopd. Peak production from the first phase of the development is expected to reach 12,000 bopd by 2012, according to local news sources.