Regal Petroleum plc announced the spud of the SV-59 well at its 100% owned and operated Mekhediviska-Golotvshinska and Svyrydivske (SV) gas and condensate fields in Ukraine.
The well has a target depth of 17,946 feet (5,470 meters), with drilling operations scheduled to be completed in December 2013 and, subject to successful testing, production hook-up by the end of the first quarter of 2014. The well is targeting the Visean reservoirs ("B-Sands").
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