Ukraine: Dnieper-Donets gas-condensate flow up | Oil & Gas Journal

KUB-Gas LLC placed the Olgovskoye-12 well near Lugansk, Ukraine, in the eastern Dnieper-Donets basin on commercial production on Jan. 1, 2012, and the current rate is more than 4.6 MMcfd of gas.

Kulczyk Oil Ventures Inc., Calgary, has a 70% effective ownership interest in KUB-Gas LLC. Meanwhile, 3P International Energy Corp., Toronto, plans to acquire Gastek LLC, which holds the other 30% interest, by mid-2012, subject to shareholder and regulatory approval and subject to entering into a definitive agreement with Gastek and its current owners.

Total KUB-Gas production from its Ukraine properties has averaged 16.5 MMcfd since Jan. 1 and more than 17 MMcfd since Jan. 4. Condensate production since the start of the year has averaged more than 200 b/d. December 2011 production averaged 12.1 MMcfd and 130 b/d.

The O-12 well went to 2,700 m, and a 10-m zone in the Middle Bashkirian was perforated and production tested at a maximum 8.1 MMcfd on a 10-mm choke.

The tie-in during the first quarter of 2012 of the O-6 and O-8 wells, which were fracture stimulated in the fourth quarter of 2011, will further increase the production capability of the KUB-Gas licenses, Kulczyk Oil said.

More in Exploration & Development

191010 Equinor Aussie Permit Map

Equinor awarded permit off Western Australia

Equinor AS has been awarded exploration acreage in the Northern Carnarvon basin on the North West Shelf offshore Western Australia. Block WA-542-P, operated and held 100% by Equinor, lies west of the Dorado oil discovery.

191009 Rystad Discoveries Chart

Rystad: Oil and gas resource replacement ratio lowest in decades

Oil and gas companies have discovered 7.7 billion boe year-to-date, according to Rystad Energy’s latest global discoveries report.

The Stena Forth drillship in Ghana.

Local firm spuds deepwater well off Ghana

Springfield Exploration & Production Ltd., Accra, has spudded the first of two deepwater wells planned on its West Cape Three Points Block 2 offshore Ghana.

BOEM announces region-wide OCS gulf lease sale

The US Department of the Interior’s Bureau of Ocean Energy Management announced plans to hold a Gulf of Mexico region-wide oil and gas lease sale on Mar. 18, 2020, offering 78 million acres.

CNPC exits South Pars 11 project off Iran

State-owned Petropars Co. of Iran will develop Phase 11 of giant South Pars gas field alone following withdrawal from the project by China National Petroleum Corp.

USGS increases estimates of technically recoverable Appalachian gas

The Appalachian basin contains an estimated mean of 214 tcf of undiscovered, technically recoverable gas in the Marcellus and Utica shale formations, the US Geological Survey reported. The estimates represented a marked increase from its previous reports.

Total to spud Isabella wildcat off UK

Total E&P North Sea UK Ltd. this month will spud an exploratory well on the Isabella prospect in the Central UK North Sea, reports Delek Group, whose wholly owned subsidiary Ithaca Energy Inc. holds a 10% revenue interest.

191002 Ihs Markit Nfw Chart

IHS Markit: Conventional oil, gas discoveries at 70-year low

Conventional oil and gas discoveries during the past 3 years are at the lowest levels in 7 decades and a substantial rebound is not expected, said IHS Markit in a recent report.

FAR acquires additional interest in offshore Gambian blocks

FAR Ltd., Perth, has acquired an additional 10% interest in the prospective exploration Blocks A2 and A5 offshore Gambia in West Africa.

ConocoPhillips halts exploration in Austin Chalk trend

ConocoPhillips reported it has discontinued exploration activities in the central Louisiana Austin Chalk trend.

190927 Emperor Judith Seismic

Emperor Energy seeking farm-in partners for Judith development

Emperor Energy Ltd., Sydney, has opened a data room in the hope of attracting potential partners to farm in to appraisal and development of Judith gas field in offshore permit Vic/P47 in the Gippsland basin.

Santos-BP JV awarded permit near Dorado discovery

Santos, operator for a recently formed joint venture with BP’s Australian division, has been awarded an exploration permit in the Bedout subbasin off Western Australia adjacent to the Santos-Carnarvon Petroleum Dorado oil discovery.

Independent confirms Harvey gas strike

The Maersk Resilient jack up rig has moved off location after drilling an appraisal well that operator Independent Oil & Gas PLC said confirms a 1984 Arco gas discovery in the southern UK North Sea.

Valeura confirms gas flow from third stimulated zone in Inanli-1

Valeura Energy Inc., Calgary, said the third stimulated zone in the Inanli-1 appraisal well flowed natural gas as the company works to develop an unconventional gas accumulation play in the Thrace basin of Turkey in partnership with Equinor.