Iskander Energy joins Hutton in tight gas hunt

Tight gas tie-up: UK explorer and Canadian private form Ukraine joint venture

UK explorer Hutton Energy has brought in Canadian private Iskander Energy as a joint venture partner for its Donets Basin tight gas sands play in Ukraine.

The duo plans to spud a well at the licence in August and a second before the end of the year, with Hutton on 49% and Iskander Energy on 51%.

After drilling and an analysis a third well and pilot production could potentially follow in 2013, depending on the exploration results, Hutton Energy said.

Hutton Energy managing director David Messina said that Shell’s entry to the area confirms the high potential the junior sees in the region for commercial gas production.

The licence, first awarded to European unconventional-focused Hutton Energy in 2010, is situated in an area thought to hold “relatively deep…

Become an Upstream member!

Membership includes a subscription to our weekly newspaper providing in-depth news from the energy industry, plus full-access to this site and its archives. Still not convinced? Try our free trial.

Already a member?

Login

Upstream share price index