PetroHungaria Preps PEN-105 for Production Testing

Leni Gas & Oil announced that PetroHungaria kft (LGO 7.27%) has concluded drilling and logging of the Pen-105 in the Penészlek Development Area of eastern Hungary and is currently preparing for production testing.

Pen-105 is the third well in the Development and commenced drilling on August 16 targeting mean contingent gas resources of 1.46 bcf in two Miocene reservoirs to a depth of approximately 1500m. The well was completed on prognosis as an appraisal of the Pen-12 discovery well which tested gas from the Miocene volcaniclastic reservoir section. Test results will be announced in due course.

 

David Lenigas, Executive Chairman, commented, "LGO are pleased with the successful drilling of Pen-105. We look forward to reporting the test results from the well shortly in addition to a production schedule update for the Development."
 

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
United States Odessa: Engineer - Frac/Acid
Expertise: Petroleum Engineering
Location: Odessa, TX
 
United States Houston: Senior Drilling Fluids Engineer
Expertise: Drilling Engineering
Location: Houston, TX
 
Region Leader - Field Development
Expertise: Field Development|Process Engineer|Subsea Engineering
Location: Houston
 
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