The work will start September 1st and will be completed by October 20th. This is the second well that the company is working on, previous rework on the well #5 in the same field produced and open outflow of 53 thousand cubic meters per day back in January 2002. Another two reworks will follow the well #11 within the present year. The company has also entered into a Gas sales contract with Crymproectstroy, Ltd., a Crimean company, to sell up to sixty thousand cubic meters per day at the wellhead; Crymproectstroy, Ltd. is finishing the installation of a set of powers generators in the same area for gas from well #5 and well #11.
"Everybody in the company as well as our partners are very excited about moving the project another step forward; this second rework is the consolidation of the Kerch project as a valuable enterprise and the gas sales contract is generating revenues starting next month." Carlos Munoz, President & CEO.
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