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
 -  Seadrill CEO Praises Workforce (May 24)
 -  Serinus Shuts-In Sabria Field Due to S... (May 23)
 -  Proserv Secures Series of Services Dea... (May 23)
 -  BP Urges Engineers to Apply for Trinid... (May 23)
 -  CGG to Support Oman Industry Workers t... (May 23)


Most Popular Articles

From the Career Center
Jobs that may interest you
Operator Assistant
Expertise: Regulatory Compliance|Rig Mover|Wireline
Location: Bakersfield, CA
 
Well-Site Coordinator
Expertise: WellSite Supervisor
Location: El Reno, OK
 
Field Engineer I - Directional Drilling
Expertise: Directional Driller
Location: Evansville, WY
 
search for more jobs

Brent Crude Oil : $53.96/BBL 0.35%
Light Crude Oil : $51.36/BBL 0.21%
Natural Gas : $3.209/MMBtu 0.34%
Updated in last 24 hours