Serinus finds Visean oil, gas in northeastern Ukraine

Serinus Energy Inc., Calgary, formerly Kulczyk Oil Ventures Inc., said it recovered oil and gas from formations of Visean age at the Makeevskoye-3 exploratory well on the North Makeevskoye license in Ukraine, potentially opening a new play.

Third well on the license, NM-3 is 3 km southeast of NM-1. NM-3 reached 2,426 m measured depth after penetrating metamorphic basement.

Petrophysical analysis of logs identified a 30-m thick Visean aged sandstone as being potentially oil saturated. An open hole drillstem test was conducted at 2,344-2,426 m and recovered one-half cu m of 37° gravity oil and minor amounts of gas. Serinus cased the well for further tests and collected fluid samples for laboratory analysis.

The well may be capable of producing at commercial rates after stimulation, the company believes. Further analysis of the full diameter core recovered over the zone of interest, petrophysical analysis, and fluid analysis will be required to fully assess the prospectivity of this formation.

A positive oil test is a first for the company in Ukraine and is of particular importance as it is the first indication that the Visean formations are hydrocarbon bearing on the company’s licenses.

Jock Graham, executive vice-president and chief operating officer, said, “While the log analysis indicated that the formation was potentially hydrocarbon bearing, the reservoir also looked very tight, and we weren’t really expecting much in the way of hydrocarbon recovery. Consequently we were pleasantly surprised that both oil and gas were recovered from the well.”

NM-3 is operated by KUB-Gas LLC, a majority-owned subsidiary in which Serinus has a 70% effective ownership interest. KUB-Gas has 100% interest in five licenses near Lugansk in northeastern Ukraine.

Related Articles

Shell submits revisions to its 2015 Chukchi Sea exploration plan

08/29/2014 Shell Offshore Inc. submitted revisions to its previously approved Chukchi Sea exploration plan on Aug. 28, a spokesman for the company confirmed. ...

BLM announces California oil, gas strategy as CCST issues report

08/29/2014 The US Bureau of Land Management’s California state office announced a comprehensive strategy for its oil and gas program in the state after receiv...

Lundin lowers resource estimate for Luno II discovery

08/29/2014 Lundin Norway AS, a wholly owned subsidiary of Lundin Petroleum AB, has drilled appraisal well 16/4-8 S in the Luno II discovery 15 km south of Edv...

Noble posts drilling results for Katmai, Dantzler prospects in gulf

08/28/2014 Noble Energy Inc., Houston, has advanced its exploration and appraisal drilling operations on the Katmai prospect on Green Canyon Block 40 and the ...

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