Home
/
News
/

JKX delays Russia gas ramp-up until end-3Q12

JKX delays Russia gas ramp-up until end-3Q12

10 July 2012

JKX Oil & Gas (JKX LN) received the final permit to operate its Koshekhablskoe field in Russia, the company announced in a press release yesterday. It also said a ramp-up in production in Russia was postponed until the end of 3Q12 as the W-27 well was being side-tracked after tests indicated a blockage downhole due to the extended shut-in period.

Roman Dmytrenko: JKX successfully tested its W-27 and W-25 wells, which were shut-in until the commissioning of a gas processing facility at the Koshekhablskoe field in 2Q12. The reopening of both wells in May revealed a partial blockage of the W-25 well, which requires redrilling. The company’s recent operations update indicated the same problem with its W-27 well, which also has to be redrilled by the end of 3Q12. Altogether, the re-drilling of the two wells at the Koshekhablskoe field could delay the start of full-scale production in Russia until the end of 2012.

Latest News

News

23

02/2022

Separatists may claim entire territories of two Ukrainian regions

Russia has recognized “all fundamental documents” of the self-proclaimed Donetsk and Luhansk People’s Republics (DNR...

News

23

02/2022

U.K. to provide USD 500 mln loan guarantee for Ukraine as IMF mission starts

The British government is going to provide up to USD 500 mln in loan guarantees...

News

23

02/2022

MinFin bond auction receipts jump to UAH 3.5 bln

Ukraine’s Finance Ministry raised UAH 3.3 bln and EUR 7.2 mln (the total equivalent of...