Falcon's Hungarian Well Begins Testing Operations

Printer Friendly Version
Email this Page

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

Printer Friendly Version
Email this Page

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
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Det Norske Completes Ivar Aasen Deline... (Jul 2)
 -  San Leon Signs Morocco Onshore Rig Con... (Jul 2)
 -  AGR Energy Takes Controlling Stake in ... (Jul 1)
 -  Statoil Finds Oil, Gas near Gina Krog ... (Jul 1)
 -  SeaZip Wins Partnership Deal with Heer... (Jun 30)


Most Popular Articles

From the Career Center
Jobs that may interest you
Senior Drilling Technologist
Expertise: Driller
Location: Oklahoma City, OK
 
Offshore Service Technician
Expertise: Field Service Tech|Floorhand|Roustabout
Location: Houston, TX
 
Treater House Carpenter and Pipe Insulator
Expertise: Maintenance Technician|Roustabout|Welder / Fitter / Turner
Location: Sidney, MT
 
search for more jobs

Brent Crude Oil : $62.07/BBL 0.09%
Light Crude Oil : $56.93/BBL 0.05%
Natural Gas : $2.82/MMBtu 1.43%
Updated in last 24 hours