By OGJ editors
HOUSTON, Oct. 2 – Transeuro Energy Corp., Vancouver, BC, signed a contract and plans to start gas sales in 4 months from two wells in Krasnapolianskoye field in Ukraine in northwestern Crimea.
The field was discovered in 1963 but never placed on production. Ten wells found gas in a Paleocene carbonate at 1,050 m. The Ukraine government estimates reserves at 14 bcf, while Transeuro’s third party auditors assigned possible reserves of 2.7 bcf and began construction of a gas treatment plant that was suspended because of low gas prices.
Transeuro reentered two wells in 2004 that tested at 1.1 MMcfd and 777 Mcfd.
The gas is to be converted to compressed natural gas for use in vehicles in a project that will require no funding from Transeuro, which estimates that the sales volume will average 1.2 MMcfd.
US Department of the Interior.
File photo from PDVSA..
