First production well spudded ahead of schedule, PetroNeft Resources plc
Release Date: 2010-03-23
The first of nine production wells of PetroNeft has been spudded 3 weeks ahead of schedule. Pipeline construction is going on schedule and within budget; equipment procurement and mobilisation are nearing completion. The first year-round production is scheduled for Q3.PetroNeft announces the first of its nine planned production wells to be drilled in 2010 spudded at the Lineynoye oil field ipproximately 3 weeks ahead of schedule. The 2010 production drilling programme will involve the drilling of 9 wells from the current location.
All the tubulars, supplies and consumables for the 9 well production drilling programme are also on site. First production at the Lineynoye oil field remains scheduled for Q3 2010.
Construction of a 60 km pipeline from Lineynoye to Kiev-Eganskoye is progressing to plan and is due for completion in mid April. Final hydro-pressure testing of the line is scheduled for June 2010.
Most of the equipment required for construction of field facilities at Lineynoye has been procured and mobilised to location. This process should be completed by the end of March. Construction is due for completion in time to commence year-round production in the third quarter of 2010. The facilities include basic oil processing, oil storage, gas powered generation and communications systems as well as improved and enlarged crew accommodation and catering facilities.
Dennis Francis, Chief Executive Officer of PetroNeft Resources plc comments: “Thanks to the efficient and carefully synchronised planning of our infrastructure and drilling programmes and the commitment of our staff and contractors over the winter, all aspects of the Lineynoye Field development project are progressing on or ahead of schedule. Spudding of our first production well was an important milestone and boosts our confidence that we will commence year-round production in Q3 and achieve the initial target production of approximately 4,000 bopd by the end 2010.”
| Type: | NORMAL |
| Company: | PetroNeft Resources plc |
| Country: | 爱尔兰 |