JKX Drills Successful Appraisal Well in Ukraine

Eastern Europe-focused JKX Oil & Gas reported Monday that it has successfully completed and tested appraisal well Z-05 on the Zaplavskoye exploration license at Poltava, Ukraine.

JKX said that, following clean up, the well flowed at a stabilized rate of 4.6 million cubic feet of gas per day and 328 barrels of condensate per day through a 50/64-inch choke with a flowing wellhead pressure of 652 pounds per square inch. The firm added that the well is now flowing to its production facility.

JKX said appraisal well Z-05 has followed its successful exploration well Z-04, which was drilled in 2013, and a 3D seismic survey conducted earlier this year over an extension to the Zaplavskoye exploration license. Data collected from both wells will be used to help select the location for a third well in the area.

JKX Chief Executive Dr Paul Davies commented in a company statement:

"The encouraging well result supports our continuing appraisal of this part of the Zaplavskoye licence. Furthermore, the rich gas in the area provides a higher than normal propane and butane yield which enhances the overall LPG production at our Poltava facility."

 



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

WHAT DO YOU THINK?

Click on the button below to add a comment.
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
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Extended Flow Test Commences Over Hors... (Feb 8)
 -  Resource Upgrade at SNE Discovery Foll... (Feb 8)
 -  Tower Resources Director Retires (Feb 5)
 -  Petsec Energy Acquires 100% Stake in D... (Feb 5)
 -  BG Group's Earnings Drop (Feb 5)


Most Popular Articles

From the Career Center
Jobs that may interest you
Reservoir Engineer - Oil & Gas Sector
Expertise: Reservoir Engineering
Location: San Antonio, TX
 
Director Acquisitions & Divestitures, Houston, Texas Area
Expertise: Petroleum Engineering|Production Engineering|Reservoir Engineering
Location: Houston, TX
 
Vice President, Power & Utilities M&A
Expertise: Asset Management|Business Analyst|Commercial Management|Field Development
Location: New York, NY
 
search for more jobs

Brent Crude Oil : $34.06/BBL 1.16%
Light Crude Oil : $30.89/BBL 2.61%
Natural Gas : $2.06/MMBtu 4.56%
Updated in last 24 hours