JKX Achieves Successful Test of E-303 Well

Eastern Europe-focused JKX Oil & Gas reported Friday that it had achieved successful test results from the E-303 well on its Elizavetovskoye field.

JKX said that co-mingled production with the G7-12 sandstone reservoirs was 5.21 million cubic feet of gas per day and 18 barrels per day of condensate through a 48/64-inch choke with a flowing wellhead pressure of 505 pounds per square inch. This was achieved after additional perforations were made in the shallower A2 carbonate reservoir as well as acid treatment.

Well E-303 was drilled to a total depth of 4,406 meters and initially completed in the G7-12 sandstone reservoirs only. JKX said that production from the deeper reservoirs is not economic in the prevailing economic conditions in Ukraine. The company recently announced a decision to suspend its planned 2015 capital investment in the country because of restrictions on selling its gas to industrial clients as well as substantially increased rates of gas production tax.

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

"We are pleased that we have been able to co-mingle production from the sandstone and carbonate reservoirs to create an overall cash generative well result."



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
United States Houston: Principal II - DES
Expertise: Design Engineer|Drilling Engineering
Location: Houston, TX
 
Sr Reservoir / Production Engineer - Field Engineering
Expertise: Production Engineering
Location: Platteville, CO
 
United States Rock Springs: Entry Level to Senior Engineer - Cased Hole
Expertise: Reservoir Engineering
Location: Rock Springs, WY
 
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