Exillon Energy said it has doubled its 2P reserves and grown its production by 45% in 2012.

The company has assets in two oil-rich regions of northern Russia, Timan-Pechora (Exillon TP) and West Siberia (Exillon WS).

Total proved (1P) reserves increased by 56% to 196 MMbbl from 2011 to 2012; total proved plus probable (2P) reserves increased by 96% to 520 MMbbl; and total proved plus probable plus possible (3P) reserves increased by 121% to 882 MMbbl, according to a news release.

“In Western Siberia, the biggest increase was from EWS I’s highly productive ‘P’ reservoir, where 2P increased by 103 MMbbl to a new total of 180 MMbbl,” said Exillon CEO Mark Martin. “This is the field where our most prolific wells are located, including those on Pad 5 which we announced during 2012.

“In Timan Pechora, the biggest increase was from ETP II-III field’s Silurian reservoir. This field was originally designated as two separate fields, which have since merged, and is located right in the center of our licensee area,” he continued. “Our 2P in this field increased by 51 MMbbl to a new total of 107 MMbbl.”

The company’s acquisitions in Timan Pechora contributed to higher 2P and 3P reserves, adding 7 MMbbls and 95 MMbbl, respectively.