Ukraine Well Sidetrack Exceeds Expectations
JKX Oil & Gas reported Thursday that the second sidetrack of its M-166X well in Ukraine has exceeded expectations.
The well, which is in the Devonian sandstone reservoir in the Molchanovskoye North field, achieved a flow rate of 1,710 barrels of oil per day over 12 hours, with 2.13 million cubic feet per day of gas through a 1.125-inch choke with a flowing wellhead pressure of 600 pounds per square inch. JKX said that, after further testing, a lower choke size will be chosen to optimize flow conditions and manage the reservoir.
The well was drilled to a total depth of 9,650 feet and penetrated a 680 feet of a reservoir along its planned horizontal trajectory.
M-166X is JKX’s first well in its 2013 Ukrainian drilling campaign following a seven-month drilling break. The firm confirmed that the Skytop N-75 rig has now spud well IG-132 (Ignatovskoye), targeting the shallower Tournaisian Carbonate reservoir in the Molchanovskoye field.
JKX Chief Executive Dr Paul Davies commented in a company statement:
"Test production from the second sidetrack of well M-166 is above our original prediction and is an excellent start to our 2013 Ukrainian drilling program."
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- How Likely Is an All-Out War in the Middle East Involving the USA?
- Rooftop Solar Now 4th Largest Source of Electricity in Australia
- EU, Industry Players Ink Charter to Meet Solar Energy Targets
- US Confirms Reimposition of Oil Sanctions against Venezuela
- Analyst Says USA Influence on Middle East Seems to be Fading
- Brazil Court Reinstates Petrobras Chair to Divided Board
- Russian Ships to Remain Banned from US Ports
- EIB Lends $425.7 Million for Thuringia's Grid Upgrades
- Var Energi Confirms Oil Discovery in Ringhorne
- Seatrium, Shell Strengthen Floating Production Systems Collaboration
- An Already Bad Situation in the Red Sea Just Got Worse
- What's Next for Oil? Analysts Weigh In After Iran's Attack
- USA Regional Banks Dramatically Step Up Loans to Oil and Gas
- EIA Raises WTI Oil Price Forecasts
- Venezuela Authorities Arrest Two Senior Energy Officials
- Namibia Expects FID on Potential Major Oil Discovery by Yearend
- How Likely Is an All-Out War in the Middle East Involving the USA?
- Oil Markets Were Already Positioned for Iran Attack
- Is The Iran Nuclear Deal Revival Project Dead?
- Petrobras Chairman Suspended
- Oil and Gas Executives Predict WTI Oil Price
- An Already Bad Situation in the Red Sea Just Got Worse
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Oil and Gas Execs Reveal Where They See Henry Hub Price Heading
- Equinor Makes Discovery in North Sea
- Macquarie Strategists Warn of Large Oil Price Correction
- DOI Announces Proposal for Second GOM Offshore Wind Auction
- Standard Chartered Reiterates $94 Brent Call
- Chevron, Hess Confident Embattled Merger Will Close Mid-2024
- Analysts Flag 'Remarkable Feature' of 2024 Oil Price Rally