Sibneft Appoints Chief Engineer

Moscow, 21 September 2001; Sibneft has appointed Iskander Diyashev to the newly created post of chief engineer. Diyashev formally occupied a similar position in the Noyabrsk office of Sibneft's alliance partner, international oilfield service company Schlumberger, where he played a central role in the development of Sibneft's horizontal drilling and reservoir modeling programmes.

Diyashev will be responsible for spearheading the development of Sibneft's geological modeling capabilities. He will also be responsible for drafting oilfield development plans as part of Sibneft's aggressive programme for tapping new fields. Diyashev will work closely with the company's modeling centre in Noyabrsk and with the Inpetro research institute, which Sibneft acquired last year.

Sibneft has focused on introducing global best practice in the fields of reservoir management and field development planning. The application of cutting-edge production technology and detailed reservoir knowledge are crucial to enabling Sibneft to retain its competitive edge.

Iskander Diyashev previously held the post of chief engineer in the Noyabrsk office of Schlumberger, where he has worked since 1997. Prior to that, Diyashev spent three years working for Schlumberger and its Holditch Reservoir Technologies affiliate in the US, having previously worked for Tatneft between 1990 and 1994. He graduated from the Moscow Institute of Physics and Technology and holds a doctorate from the Texas A&M University. In 2001, he was named Adviser to the Russian Academy of Natural Sciences.