Exillon Energy (LON:EXI) released an operational update today on its EWS-15 well. The independent oil company with upstream operations located in two oil rich regions of northern Russia, Timan-Pechora and West Siberia today announced it has this today it had successfully tested the EWS-15 well, which resulted in an oil flow rate of 1140 bbls per day. The well was drilled directionally 1.4 km to the north from the existing EWS-1 field, and is now being connected to existing production facilities in the EWS I field.
Subsequent to the EWS-15 well being fitted with a 10mm choke, the well was spudded on the 29th December and flowed water-free oil to the surface, the report said. On a 8mm choke, the rate was 570 bbl per day. The well was drilled on a turn key contract, for a cost of $0.9m.
The company described how the well reached target depth within the Jurassic P reservoir at 1827.5 - 1842.7, confirming the presence of 15.2 m of net oil pay within the reservoir - reportedly the thickest net oil pay recorded in the prospect to date. According to the Miller and Lents September 2009 reserves report is less than 5 million.
Further good production news for EXI ?
Exillon Energy plc is pleased to announce that the appraisal well EWS-31 and production well EWS-34 have successfully found oil on a far eastern margin and western part of the EWS I field.
The EWS-31 well, which was spudded on 30 March 2010, was designed to test an eastern margin of the EWS I field. The well flowed water-free oil naturally to the surface with a flow rate of 960 bbl/day on a 10 mm choke, and was drilled on a turn-key contract in 23 days for a total consideration of just $1.19 million. The well reached target depth within the Jurassic P reservoir at 1844 - 1850m, confirming the presence of 5.9 m of net oil pay within the Jurassic.
The EWS-34 well has also encountered the Pre Jurassic reservoir at 1817m. The well flowed water-free oil naturally to the surface with a flow rate of 320 bbl/day on an 8 mm choke from the Pre-Jurassic zone.
The Group has achieved 100% drilling success rate across three wells drilled in 2010, and is on schedule to complete ongoing drilling program.
http://www.investegate.co.uk/Article.aspx?id=201005130846138444L
2009 average production was 1,958 bbl per day, with a target of 3,000 bbl per day in mid-2010.
SM
