Finance & Investing
News Services
Newsletters
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy
pledge.


advertisement

Arcticneft Production Potential Significantly Increased by Surveys

change text size

Russia-focused junior oil firm Urals Energy reported Friday that recent surveys on its Arcticneft asset in northern Russia show it could increase production there significantly. 

Urals said the results of passive seismic spectrometry and a separate micro-seismic survey carried out on the west block of Arcticneft, which is located on Kolguyev Island in the Barents Sea, show "the possibility of significantly increasing production at Arcticneft from  the current horizons with limited capital and operational expenditure".

Urals said this production increase would be based upon five main trends of hydrocarbon potential as revealed by results of the surveys. The firm added that it continues to review the results of the surveys in more depth, including encouraging data on possible future deeper drilling sites at Arcticneft.

Meanwhile, Urals expects to conclude the drilling of Well No. 53 on its Petrosakh field within the next two weeks.



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Post a Comment 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.

Related Companies

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Magnus Energy to Participate in PEL 10... (Nov 28)
 -  Indonesia to Name One of Three Candida... (Nov 28)
 -  SeaBird Suffers Amid Weakening Demand ... (Nov 28)
 -  Tethys Petroleum Appoints John Bell as... (Nov 27)
 -  Odjfell Revenues, Profits Decline duri... (Nov 26)
Most Popular Articles
From the Career Center
Jobs that may interest you
Technical Trainer, Geophysicist
Expertise: Geophysicist
Location: Houston, TX
 
Completions Engineer
Expertise: Petroleum Engineering, Workover or Completion
Location: Houston, TX
 
Drilling Engineer
Expertise: Drilling Engineering
Location: Midland, TX
 
search for more jobs