Cub Energy resumes drilling in eastern Ukraine

KUB-Gas LLC, 35%-owned subsidiary of Houston-based Cub Energy Inc., has started drilling the Makeevskoye-30 (M-30) well in the Donets Basin in eastern Ukraine. The well is expected to be drilled to 1,985 m TD to evaluate several prospective horizons, Cub Energy said in a press release Jan. 28. Cub has 35% interests in six licenses in the Dnieper Donets basin through KUB-Gas.

Makeevskoye field has a 20-year production permit with six producing wells from four producing zones, according to Cub Energy’s web site. The recent Serpukhovian discovery has added follow on appraisal/development opportunities as well as further stratigraphic plays. There are numerous prospective areas for further exploration and development as well as frac and dual completion opportunities.

“The M-30 well will be the first well drilled on the producing M field in over 3 years after recent successful recompletions on the M [Makeevskoye] and O [Olgovskoye] fields at Kub-Gas,” said Mikhail Afendikov, chairman and chief executive officer of Cub Energy.