Ukraine: Kulczyk unit spuds well on Olgovskoye block

Kulczyk Oil Ventures Inc., Calgary, said its 70% owned KUB-Gas LLC subsidiary has spudded the Olgovskoye-15 directional well in Ukraine.

O-15 is projected to 3,200 m to evaluate the potential of the Bashkirian R30c and Serpukhovian S5 reservoir sands to further develop Olgovskoye field. Kulczyk expects 70 days of drilling time.

The Olgovskoye production license is in northeastern Ukraine 160 km northwest of Lugansk. Since KOV acquired its ownership interest in KUB-Gas in June 2010, five Olgovskoye gas wells have been tied into commercial production and two wells, O-6 and O-8, were fracture stimulated in the fourth quarter of 2011. O-6 was connected in February 2012 at a gross 1.5 MMcfd and O-8 in March 2012 at a gross 1 MMcfd.

Gross production from the license averaged 11.42 MMcfd to KUB-Gas in February 2013.

Related Articles

Tethys reports second successful gas well in Kazakhstan

03/20/2014 Tethys Petroleum Ltd. reported the success of the second shallow gas exploration well of its 2014 program on the Akkulka block in the Caspian regio...

BOEM: Firms bid $850 million in high bids in central gulf lease sale

03/19/2014 The US Bureau of Ocean Energy Management reported that its central Gulf of Mexico Lease Sale 231 received 380 bids from 50 companies on 326 blocks,...

CNOOC makes gas discovery in Qiongdongnan basin

03/19/2014

CNOOC Ltd. has made a natural gas discovery in the east Lingshui Sag of the deepwater area in the South China Sea’s Qiongdongnan basin.

Cairn, FAR to drill exploration wells offshore Senegal

03/19/2014

FAR Ltd., Perth, will participate in the drilling of two deepwater exploration wells offshore Senegal next month.

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected