JKX reports initial results from second workover well at Koshekhablskoye

JKX Oil & Gas updated the market on the initial test results of Well 5 on the Koshekhablskoye field in Russia on Tuesday, reporting that it was producing 171,thousand cubic metres per day of gas and five barrels per day of condensate, or 1,022 barrels of oil equivalent per day.

The London-listed firm said the wellhead pressure was 1,125 pounds per square inch on a 32/64th inch choke.

Production had been steadily increasing since an acid job carried out on 27 June, the board reported, and was now stable.

“The contract rig has relocated to Well 18 and is currently rigging up,” JKX said in its statement.

“Well 18 is the second of three consecutive workovers planned on the Koshekhablskoye field in Russia.”