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    JKX Happy with Ukraine Workover

Summary

UK-listed eastern Europe gas producer JKX says that its Poltava Petroleum Company subsidiary finished its first drilling operation since 2015.

by: Mark Smedley

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Natural Gas & LNG News, Europe, Corporate, Exploration & Production, News By Country, Ukraine

JKX Happy with Ukraine Workover

UK-listed eastern Europe gas producer JKX said January 15 that its Ukraine subsidiary Poltava Petroleum Company (PPC) has finished its first drilling operation since 2015.

PPC 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. The initial flow rate was 8.6mn ft3/d of gas and 365 b/d of condensate at a choke size of 40/64 inches. Following the initial reservoir pressure survey, multi-rate tests were performed to provide reservoir data. Production optimisation led to the choke at IG101 being reduced to 20/64 inches from January 5, at which it is now producing 2.1mn ft3/d gas and 55 b/d of condensate.

JKX acting CEO Victor Gladun said, "The initial results from this well have met our expectations, providing a good start for our 2017-2018 well sidetrack program."

The company in October 2017 reported a disappointing start to its much-heralded fracking of the Rudenkivske tight gas field in the Poltava region of onshore Ukraine, but more positively reported later that month that a High Court claim in London against it by Ukraine has been dismissed.