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Enwell Energy plc Results of SV-31 Well
Enwell Energy plc Results of SV-31 Well.
About this update from Enwell Energy Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 1940K\n Enwell Energy PLC\n 04 May 2022\n \n \n \n \n \n 4 May 2022\n \n \n \n \n \n \n \n \n \n Enwell Energy plc\n \n (\"Enwell\" or the \"Company\")\n \n \n \n \n \n Results of SV-31 Well\n \n \n \n \n \n Enwell Energy plc (AIM: ENW), the AIM-quoted oil and gas exploration and production group, is pleased to announce the results of the SV-31 well at its Svyrydivske (SV) gas and condensate field in Ukraine.\n \n \n \n \n \n The SV-31 well is a development well, targeting production from the V-21 and V-22 horizons in the Visean formation. The well was spudded in September 2021 and has been drilled to a final depth of 5,240 metres. One interval, at a drilled depth of 5,210 - 5,219 metres, within the V-22 reservoir was perforated, and initial testing demonstrated good gas flows. The well was then hooked up to the gas processing facilities to allow production testing, using a variety of choke sizes, to be conducted to optimise the operating parameters of the well. Currently, the well is producing at a stabilised flow rate of approximately 2.65 MMscf/d of gas and 185 bbl/d of condensate (650 boepd in aggregate).\n \n \n \n \n \n In light of the Russian military action in Ukraine, on 24 February 2022, Enwell shut-in and made safe its production and drilling operations at all of its\n fields. Subsequently, on 11 March 2022, having taken a number of measures to ensure safe operations, Enwell commenced the \n partial restart of production operations at its \n Mekhediviska-Golotvshinska (MEX-GOL) \n and SV fields, and subsequently limited field operations have been undertaken at those fields, including the completion of the SV-31 well. However, all operations remain suspended at the\n Vasyschevskoye (VAS) \n gas and condensate field and the \n Svystunivsko-Chervonolutskyi (SC) exploration licence\n .\n \n \n \n \n \n Sergii Glazunov, Chief Executive Officer, said: \"We are very pleased with the results of the SV-31 well, which was drilled safely and successfully, and ahead of schedule. The completion of the well in the current extremely challenging environment in Ukraine is a great achievement by our team, and the strong flow rates recorded will provide a welcome boost to our overall production volumes.\"\n \n \n \n \n \n This announcement contains inside informati...