Cub Energy has announced that testing for gas has been completed at the Makeevskoye-20 (M-20) well at a rate of 5.3 MMcf per day. The well is located in Ukraine.
The company also offered details about present operations and testing of the North Makeevskoye-1 (NM-1) well. The production and revenue of the company were obtained from nine licenses in Ukraine. KUB-Gas owns and operates five licenses in East Ukraine. Cub holds 100% ownership interest in the remaining four licenses in West Ukraine. KUB-Gas is operating M-20, NM-1 and M-16.
Cub Energy specifically perforated the M-20 well in the R8 zone. Gas flowed at a rate of 5.3 MMcf per day after reaching the surface in a minute. The company is expecting production at the well during Q4.
The total depth (TD) of the M-20 well is 2,000 m, which was cased to TD during early August. The well’s main aim was to assess the R8 zone’s potential at a depth of about 1,450 m and to additionally expand the Makeevskoye R8 Pool. The Makeevskoye-19 (M-19) originally identified the R8 Pool in the second half of 2010. Currently, Cub is expanding the well about 1 km towards east by the M-20.
The NM-1 well reached 2,500 m of TD and the casing was up to TD during June 2012. Assessment of the wireline logs and data received from the well drilling shows capability for accumulating hydrocarbon in Serpukhovian and Bashkirian aged sediments.
The three-dimensional seismic survey at the North Makeevskoya has discovered five more prospects and analysis is ongoing. With respect to the permit, drilling the North Makeevskoya-2 (NM-2) well may evaluate the first additional structural prospect areas. NM-2 well lies in the North Makeevskoya License’s southern part.
The company is drilling the M-16 well at a depth of 1,905 m. The well is being drilled to assess a prospect having several potential Carboniferous reservoirs.
Source: http://www.cubenergyinc.com/