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
 -  Total Discovers Oil Offshore Ivory Coa... (Apr 17)
 -  Shell Finds Gas at Rosmari-1 Well in S... (Apr 17)
 -  Providence Offered Upgrade to its Newg... (Apr 17)
 -  Ezion Bags $79M Charter Contracts to S... (Apr 16)
 -  Stable North American Market Drives Re... (Apr 16)
Most Popular Articles
From the Career Center
Jobs that may interest you
Senior Upstream Research Analyst - Latin America
Expertise: Geologist, Geophysicist, Petroleum Engineering
Location: USA, TX
 
Senior Geologists/Geologists
Expertise: Geologist
Location: USA, TX
 
Senior Field Operations Engineer
Expertise: Drilling Consultant, Petroleum Engineering, Production Technologist
Location: Houston, TX
 
search for more jobs