JKX Oil & Gas PLC Successful completion of well workover in Ukraine (8075B)
15 January 2018 - 6:00PM
UK Regulatory
TIDMJKX
RNS Number : 8075B
JKX Oil & Gas PLC
15 January 2018
15 January 2018
JKX Oil & Gas plc ('JKX' or the 'Company')
Successful completion of well workover in Ukraine
JKX announces that Poltava Petroleum Company ("PPC"), its wholly
owned subsidiary in Ukraine, successfully completed the workover of
well IG101Z in December 2017. The well was side tracked with an
open hole at a depth of 2,392-2,445 m. This was the first drilling
operation conducted by PPC since 2015.
The well was kicked off with nitrogen and opened to the EPF at a
choke size of 40/64". The initial flow rate was 8.6 MMscf/d of gas
and 365 b/d of condensate and FWHP of 1615 psig. Following the
initial reservoir pressure survey multi-rate tests on 20/64",
25/64", 32/64", 36/64" choke were performed to provide reservoir
data for IPR model validation, reservoir dynamic properties, and
depletion optimization.
After multi-rate tests the well was flowing at a choke size of
25/64 ". The average well production rate was 3.4 MMscf/d of gas
and 94 b/d of condensate. Production optimization led to the choke
at IG101 being reduced to 20/64" from 5 January 2018. The current
well production rate on 20/64" choke is 2.1 MMscf/d of gas and 55
bpd of condensate with a FWHP of 1470 psig.
Commenting on the announcement, Victor Gladun, JKX's acting CEO,
said, "The initial results from this well have met our
expectations, providing a good start for our 2017-2018 well
sidetrack program."
For further information please contact EM:
Stuart Leasor
leasor@em-comms.com
T: +44 20 3709 5711
M: +44 7703 537721
Jeroen van de Crommenacker
crommenacker@em-comms.com
T: +44 20 3709 5713
M: +44 7887 946719
This information is provided by RNS
The company news service from the London Stock Exchange
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