REGAL PETROLEUM FLOWS MEX-119 WELL IN EASTERN UKRAINE

October 09, 2019

Regal Petroleum announced the results of the MEX-119 well located at its Mekhediviska-Golotvshinska (MEX-GOL) gas and condensate field in Ukraine. The MEX-119 well is a development well, targeting production from the B-20 reservoirs in the Visean formation. The well was spudded in February 2019 and drilled to a depth of 4,822 metres, which was slightly shallower than its planned depth, after the targeted horizons were encountered. One interval, at a drilled depth of 4,804 – 4,816 metres, was perforated, and initial testing was undertaken using a variety of choke sizes. During this testing, strong gas and condensate flows were recorded, and, accordingly, the well was hooked-up to the gas processing facilities to allow longer term production testing to be conducted to optimise the operating parameters of the well. Currently, the well is producing at a stabilized flow rate of approximately 5.0 MMscf/d of gas and 193 bbl/d of condensate (1,070 boepd in aggregate). Sergii Glazunov, Chief Executive Officer, said: “We are delighted with the results of this new development well, which was drilled safely and successfully. The flow rates demonstrated are excellent and a significant boost to our overall production volumes.”
Regal holds a 100% working interest in and is the operator of the MEX-GOL and SV fields. The production licences over the fields extend over a combined area of 269 km², approximately 200 km east of Kiev. The two licences are adjacent and the interests are operated and managed as one field. The licences were granted in July 2004 and have a duration of 20 years.
The fields are located, geologically, towards the middle of the Dnieper-Donets sedimentary basin which extends across most of north-east Ukraine. The vast majority of Ukrainian gas and condensate production comes from this basin.
The fields were originally discovered in the 1960s during the Soviet era, with wells being drilled sporadically over the years since then by State companies, prior to Regal’s involvement.
(Source and image: Regal Petroleum)