Aladdin Oil & Gas Increases Activity in Orenburg

Aladdin Oil & Gas Company has initiated the workover of the second of seven wells on the Bogdanovskaya license in Orenburg. An additional rig will now be leased to increase the workover capacity going forward.

The workover of the second well, well # 39, is expected to be completed within the next 4 -6 weeks. Well # 39 has previously logged three oil bearing zones. Furthermore, the company has entered into an agreement for one additional rig to increase the workover capacity. This rig is expected to be available for the third well by the end of September.

"We are now escalating the workover capacity to increase the production volume faster", Espen Glende, CEO of Aladdin Oil & Gas Company ASA said in a statement.