Falcon's Hungarian Well Begins Testing Operations

Junior explorer Falcon Oil & Gas reported Monday that well testing operations on the Kutvolgy-1 well in Hungary have begun.

The objectives of the testing are to determine reservoir quality and gas productivity from the target Algyo formation that was encountered by Kutvolgy-1, Falcon said. Testing operations are expected to take three months.

Kutvolgy-1 is the first of a three-well drilling and testing program that is fully funded by Falcon's partner, Naftna Industrija Srbije. 

Falcon CEO Philip O'Quigley commented in a company statement:

"We are pleased to confirm that well testing operations on our Kutvolgy-1 well have commenced. Technical evaluation of the well results obtained so far indicate possible gas pay zones in the Algyo formation that will be tested in the coming weeks."



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
 -  Shell to Sell Gabon Onshore Assets for... (Mar 24)
 -  Industry Pros Gather for Offshore Achi... (Mar 24)
 -  Statoil Makes North Sea Oil, Gas Disco... (Mar 24)
 -  Report: Hiring Managers See Salaries S... (Mar 23)
 -  Repsol Chooses Atlas for Onshore, Offs... (Mar 23)


Most Popular Articles

From the Career Center
Jobs that may interest you
Class A CDL Drivers INTERVIEW OPPORTUNITY
Expertise: Motorman
Location: San Antonio, TX
 
Well Servicing Rig Jobs - North Dakota, USA
Expertise: Derrickman|Floorhand / Roughneck|Production Operator
Location: North Dakota, United States, ND
 
Field Superintendent - US Drilling Rig Operations
Expertise: Drilling Superintendent|Field Service Tech
Location: United States
 
search for more jobs

Brent Crude Oil : $50.56/BBL 0.15%
Light Crude Oil : $47.7/BBL 0.70%
Natural Gas : $3.05/MMBtu 1.32%
Updated in last 24 hours