International Petroleum Ltd., Perth, said it gauged oil at a second discovery well at its Krasnoleninskiy project in the Khanty-Mansiysk Autonomous Region of Western Siberia, Russia, and will stimulate both wells in January 2012.
Well No. 1 flowed 35 b/d of oil, natural, establishing commerciality from the J2-3 formation at 2,647-65.5 m. Earlier this month, Well No. 2 flowed 38 b/d, natural, from the J4 formation at 2,740-45 m.
The company is testing other prospective intervals in both wells.
