Jupiter Commences Trial Production from J-50 and J-52 Wells

Source: www.gulfoilandgas.com 4/24/2012, Location: Asia

The Board of Jupiter Energy Limited, the Kazakhstan-focused oil exploration and production company is pleased to announce that oil from the J-50 and J-52 wells is now being produced under their respective Trial Production Licences.

Aggregated daily production from the J-50 and J-52 wells is initially expected to be 600 barrels of oil per day (bopd) and the Company is taking responsibility for the transportation of the oil to the nearby 3rd party storage facility and for storage costs associated with the oil. Jupiter is finalizing sales agreements with at least two local traders and expects to announce details of these contracts shortly.

Both wells can be produced under Trial Production for a maximum of 3 years and during this time oil is sold into the domestic market. The Company intends to move these wells from trial production to full production (and therefore from domestic to export oil sales) sooner than this maximum 3 year period. More detail on the plans to move to full production will be released later this year.

Trial Production Licence applications for the J-51 and J-53 wells are being prepared for submission to the Ministry of Oil & Gas for approval. The approval process is expected to be completed by the end of this year and the Company expects to end 2012 with revenue from four wells on trial production.


China >>  8/2/2021 - CNOOC Limited (CNU) announced that Liuhua 21-2 oilfield has commenced production ahead of schedule. ...
Indonesia >>  7/30/2021 - HIGHLIGHTS
- Acquisition of Mereenie, Palm Valley and Dingo production assets in the Amadeus Basin, onshore Australia ...


Malaysia >>  7/30/2021 - PETRONAS is pleased to announce that the East Cendor field in Block PM304 located 140 kilometers offshore Peninsular Malaysia has achieved its first o...
Nigeria >>  7/29/2021 - Seplat Energy Plc, a leading Nigerian independent energy company listed on both the Nigerian Exchange and the London Stock Exchange, announces its una...

United States >>  7/29/2021 - Zephyr Energy plc (ZPHR) (ZPHRF), the Rocky Mountain oil and gas company focused on responsible resource development and carbon-neutral operations, is...
Australia >>  7/28/2021 - Santos, as operator of the Bayu-Undan Joint Venture, today announced that production from the Phase 3C infill drilling program at the Bayu-Undan field...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Gulf Oil and Gas
Copyright 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.