Urals Energy Public Company Limited reported production results for the year 2016. Total production by the Group's total oil production in 2016 was 756,690 barrels. Over 2016, Group production excluding almost four months of production from new subsidiary, Arctic Oil (which was acquired on 5 September 2016), was 716,873 barrels, which represents an increase of 6.1% over the Group's total production of 675,317 barrels in 2015.