Drilling & Completions | Drilling / Well Results
Kulczyk Hits Record Production Levels at M-16 Well
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Kulczyk Oil Ventures Inc. has reached record production levels with the tie-in of the Makeevskoye-16 (M-16) well in Ukraine.
The M-16 well commenced production in late May and produced an average of 2.71 million cubic feet per day (MMcf/d) (1.9 MMcf/d net to KOV) of natural gas during the first 4 days after tie-in increasing gross production during that period to almost 28.5 MMcf/d (19.9 MMcf/d net to KOV). The well is operated by KUB-Gas LLC, a partially-owned subsidiary in which KOV has a 70% effective ownership interest.
Makeevskoye-16The M-16 exploration well is the deepest well drilled to date by the Company reaching a total depth (TD) of 4,300 metres. It was the first well drilled by the Company through the entire Serpukhovian aged section which is overlain by the Moscovian and…
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