On 16 December 2015 Petrosibir acquired 49% of the Cyprus company Ripiano Holdings Ltd, the Russian subsidiaries of which hold three production licenses in the Russian republic of Komi. Karavados Ltd owns the remaining 51%. Komi is situated in the North-eastern corner of the European part of Russia. The region is one of the largest oil and gas producers in the European part of Russia and one of the ten largest in Russia as a whole.
Dinyu LLC holds the Dinyu-Savinoborskoye license. The oil field was discovered in 2001 and put in production in 2002. The licence area is 940 sq. km. (21 sq. km is the mining allotment for Dinyu-Savinoborskoye oil field and the rest of the area is a geological allotment for exploration purposes). The license is located 140 kilometers to the east from the second largest city in Komi, Ukhta. The access to the oil field is year round. The oil is transported through a system of own pipelines and Lukoil’s commercial calculation point to Transnefts pipeline (Transneft owns and operates the Russian main network of pipelines). In the past the power was supplied by a local energy operator but thanks to the implementation of gas utilization program the field operator now generates 100% of the consumed energy using its own associated gas and gas generators.