Matra's Subsidiary Contracts Drilling Rig to Spud Russian Well

Matra's 100% owned Russian subsidiary "OOO" Arkhangelovskoe" has signed a turnkey contract with Petro-Management Drilling Company for the drilling of well-13 in the Sokolovskoe Field in Orenburg. The rig to be utilized is an Uralmash-4E electric rig.

Site preparation has commenced at the well-13 location and mobilization of the rig will commence within the next few days. The contract allows for a 6 week period for mobilization and commissioning of the rig at the new location and drilling to 3850m is expected to take approximately 120 days, after spud, at a cost of $4.5million (excluding VAT).

Matra's Managing Director, Peter Hind said, "We are pleased to get drilling operations under way; We expect to spud the well in mid-September and to have the well results very early in the New Year. This is a very important well for Matra and we will report again once the well has spud."


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Store keeper / Warehouse - Zanesville Ohio - 6200
Expertise: Storeman|Supply Chain Management|Warehouse Person
Location: Zanesville, OH
Roustabout Thereafter Job
Expertise: Roustabout
Location: Silverthorne, CO
Tool Tech
Expertise: Maintenance Technician|Mechanic|Rig Mechanic
Location: New Iberia, LA
search for more jobs

Brent Crude Oil : $48.06/BBL 2.51%
Light Crude Oil : $45.77/BBL 2.17%
Natural Gas : $2.97/MMBtu 2.30%
Updated in last 24 hours