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Re-entry drilling at the Chinarevskoye Field
Re-entry drilling at the Chinarevskoye Field.
About this update from Nostrum Oil & Gas Plc
[{"type":"text","content":"\n\n \nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION\n \nLondon, 19 December 2023\n \n \nCommencement of re-entry drilling operations at the Chinarevskoye Field\nNostrum Oil & Gas PLC (LSE: NOG) (\"Nostrum\", or the \"Company\" and together with its subsidiaries, the \"Group\"), an independent oil and gas company engaging in the production, development and exploration of oil and gas in the pre-Caspian Basin, announces that it has commenced well No.301 re-entry drilling, the first of a two well re-entry drilling programme at its Chinarevskoye field, to be executed over 2023-2024. This is in line with the licence commitments and field development plan of the Company's subsidiary Zhaikmunai LLP. The programme will leverage existing wellbores to reduce costs and carries a level of uncertainties and risks as the planned subsurface targets contain multiple exploration, appraisal, and development objectives. \nThe well No.301 drilling and completion duration is estimated at 90 days with start-up expected mid-2024. After drilling well No.301 the rig will move to well No.41 for a sidetrack, with a 90 day drilling and completion duration and if successful, the well will be completed and brought on line in Q3 2024. \n \nLEI: 2138007VWEP4MM3J8B29\n \nFurther information\nFor further information please visit www.nog.co.uk\n \nFurther enquiries\nNostrum Oil & Gas Plc\nPetro Mychalkiw\nChief Financial Officer\[email protected] \n \nInstinctif Partners - UK \nGuy Scarborough\nVivian Lai\n+ 44 (0) 207 457 2020\[email protected]\n  ...