Business
Operations Update
Operations Update.
About this update from Enwell Energy Plc
[{"type":"text","content":"\n RNS Number : 1391I Regal Petroleum PLC 13 November 2008 \n \nRegal Petroleum plc\n('Regal' or the 'Company')\n\n13 November 2008\n\nUkraine and Romania Operations Update\n\nRegal is pleased to provide an update on its Ukrainian production operations and the results of the testing of appraisal well RBN-S1 in Romania.\n \nUkrainian Operations \n\nWork has progressed according to plan on the following operations:\n\n\n\nMEX-106 and SV-58 development wells - the first of the two new-build 2000 HP Lewco drilling rigs (operated by Saipem) is currently being rigged up at the MEX-106 well location with the second rig (to be used for the SV-58 well) being cleared through customs, such that the first of the new generation deep wells is planned to be spudded during December 2008.\n\n\n\n\n\nWorkovers - the ongoing workover campaign is continuing, with the MEX-102 well currently being flowed from a previously unexploited reservoir to clean up the well prior to taking the well back into production. The successful data gathering of the GOL-2 well re-entry removed uncertainty around unexploited additional production potential from behind-pipe reservoirs in this well but confirmed the requirement of a low pressure pipeline system to produce. The GOL-1 workover is under consideration as the next workover candidate. \n\n\n\n\n\nMEX-103 development well - drilling of this well has now been concluded and preparations are ongoing to complete the well for production. The flow line to the production facility is nearly complete and commencement of production is scheduled for around the end of November 2008. \n\n\n\n\n\nHigh pressure pipeline - installation and commissioning of a high pressure gas pipeline has been completed ahead of schedule to increase production export capacity into the Kursk-Kyiv pipeline.\n\n\n\nThese activities are expected to favourably impact production rates and actual rates from the tied-in wells will be announced in due course.\n\nRomanian Appraisal Well Outcome\n\nRegal has completed testing of the RBN-S1 well in the Barlad Concession in Romania, in which the Company holds a 100% working interest. The well is the first to appraise the RBN-4 gas discovery (3.74 mmscf/d gas, announced on 13 December 2007) and was drilled to a total depth of 850 me...