Home
/
News
/

Kulczyk Oil to start commercial production at Olgovskoye-12 by the end of 2011

Kulczyk Oil to start commercial production at Olgovskoye-12 by the end of 2011

6 October 2011

KUB-Gas LLC, a Ukrainian subsidiary partially-owned by Kulczyk Oil (WSE: KOV PW, N/R) plans to start commercial production at Olgovskoye-12 (O-12) well in 4Q11, the company announced yesterday in a statement. The O-12 well has been tested at a maximum rate of 230 ths m3 per day on a 10 mm choke at total depth of 2.700 meters. Within the next few days, a drilling rig will commence drilling the O-18 well. KUB-Gas also plans to drill the NM-1, M-21, M-16 and Krutogorovskoye-5 wells within the next six months.

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...