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Ukrainian Operations Update
Ukrainian Operations Update.
About this update from Enwell Energy Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 7990T\n Enwell Energy PLC\n 29 November 2021\n \n \n \n \n \n 29 November 2021\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 Ukrainian Operations Update\n \n \n \n \n \n Enwell Energy plc (AIM: ENW), the AIM-quoted oil and gas exploration and production group, provides an update on operations at its Mekhediviska-Golotvshinska (MEX-GOL) and Svyrydivske (SV) gas and condensate fields and its \n Svystunivsko-Chervonolutskyi (SC) exploration licence \n in Ukraine.\n \n \n \n \n \n At the SV field, testing operations on the SV-29 development well were delayed for a period due to local shortages of materials required in the operations, but supplies have now improved and progress has been made with the initial testing of the well. The well was spudded in February 2021 and drilled to a final depth of 5,450 metres. The primary target of the well was the V-22 reservoir within the Visean formation, and to date, one interval within this reservoir, at a drilled depth of 5,246 - 5,249 metres, has been perforated. Testing of this interval is underway using a variety of choke sizes, and initial results are promising, with gas flows and an unexpectedly high, but somewhat variable, proportion of condensate. The higher than anticipated condensate rates have required that the testing procedures be modified, such that a longer period of initial testing of this interval will be required. Once completed, it is intended to perforate and test a further interval, at a drilled depth of 5,228 - 5,232 metres, in the V-22 reservoir. Thereafter, the well will be run through the gas processing facilities to allow longer-term production testing to be conducted in order to optimise the operating parameters of the well. The well was also appraising the V-21 and V-23 horizons, and within these horizons, there were indications of hydrocarbons based on well logs which warrant further investigation in due course.\n \n \n \n \n \n Drilling of the SV-31 well at the SV field is ongoing, with the well having reached a depth of approximately 4,489 metres. This well was spudded in September 2021, and has a target depth of 5,250 metres. The well is a development well, targeting production from the V-21 and V-22 reservoirs in the Visean formation, which h...