Drilling / Well Results | Discoveries | Top Story
Kulczyk's Ukrainian Gas Discovery Flows 4.3 MMcf/d
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Kulczyk Oil Ventures Inc. has reported a new pool gas discovery on the Makeevskoye Licence in Ukraine.
The Makeevskoye-16 (M-16) exploration well has tested gas from the S5 zone at more than 4.3 million cubic feet per day (MMcf/d). M-16 is the deepest well drilled by the Company in Ukraine and this is the first time the Company has tested gas at commercial rates from a reservoir of Serpukhovian age, opening up new opportunities for future growth.
The M-16 well is operated by KUB-Gas LLC, a partially-owned subsidiary in which KOV has a 70% effective ownership interest and is the deepest well drilled to date by KUB-Gas.
Highlights: S5 zone produced gas on test at a maximum stabilized rate of 4.3 MMcf/d; S13 zone scheduled for fracture stimulation later this year; first production from the…Finish this article — free account or subscription
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