Kulczyk in Ukraine gas strike

Drilling success: for Kulczyk in Ukraine

KULCZYK OIL VENTURES

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Steve Marshall

 06 November 2012 13:44 GMT

Polish explorer Kulczyk Oil Ventures has discovered multiple gas zones with an exploration well drilled on its Krutogorovskoye licence in Ukraine.

Wireline logging of the Krutogorovskoye-7 (K-7) well has indicated five potential gas-bearing zones after it was drilled to a total depth of 3206 metres in the 1100-hectare licence, operated by the Warsaw-listed company’s local subsidiary KUB-Gas.

Kulczyk executive vice president Jock Graham said it could be a new discovery for the company if testing confirms the positive log data, further enhancing reserves and production potential on the five licences held by KUB-Gas near Lugansk, of which four are producing gas.

Completion of the well is expected in the first quarter of 2013 and it could be on stream in…

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