Ukraine: Cub Energy spuds well, finals acquisition

KUB-Gas LLC, in which Cub Energy Inc., Houston, has a 30% effective ownership interest, has spudded the North Makeevskoye-3 exploratory well on its properties in eastern Ukraine.

The directional well has a planned measured total depth of 2,500 m and main objectives in multiple stacked targets of Triassic to Visean age. The KUB-Gas rig is drilling the well 10 km northeast of the Olgovskoye-15 gas discovery well.

Meanwhile, Cub Energy has completed the acquisition of a private Ukrainian oil and gas exploration company, increasing its undeveloped land holding in Ukraine to 244,000 gross, 180,000 net acres.

The company expects to begin shooting 3D seismic on the three 100% working interest licenses in the third quarter of 2013 and drill the first well in early 2014.

Related Articles

ExxonMobil ‘winding down’ Arctic well, complying with US, EU sanctions on Russia

09/19/2014 ExxonMobil Corp. released a statement that the company is complying with all US sanctions on Russia after news reports that the operator had halted...

AWE makes gas discovery under existing Senecio field

09/18/2014 AWE Ltd., Sydney, has increased the worth of its Senecio gas field in permits L1/L2 in the onshore Perth basin of Western Australia with a discover...

EGPC awards two Gulf of Suez concessions to RWE Dea

09/18/2014 Egyptian General Petroleum Corp. (EGPC) has awarded two concessions in the Gulf of Suez to RWE Dea AG, which said the awards stem from Internationa...

Eni reports second major oil find in as many days

09/18/2014

Eni SPA has made an oil discovery with the Oglan-2 exploration well on Ecuador’s Block 10, 260 km southeast of Quito.

 

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