Siba Field Development and Production Service Agreement was signed on June 5, 2011 and is valid for 20 years. TPAO is represented by its sub-company TPOC and holds 40% share.
Productin in Siba Field has started in August 2018 and daily production continues at levels of approximately 40 MMscf of natural gas, 11 thousand barrels of condensate and LPG.
700 million USD investment has been projected and total revenue is expected to reach 15 million barrels of oil equivalent.