Gulf Oil and Gas accountACCOUNT

Zoltav Resources Planning Well on the Bortovoy Licence in 2018

Source: www.gulfoilandgas.com 3/14/2018, Location: Asia

AIM-listed Zoltav Resources, the Russia-focused oil and gas exploration and production company, has provided an update on the Company's exploration programme to assess the resource potential of the Carboniferous and Devonian structures in the Western Fields of the Bortovoy Licence, Saratov.

Preliminary interpretation of the 180 sq km of 3D seismic acquired last year over the Carbonian and Devonian (and also prospective Permian) structures in the North Mokrous area of the Mokrousovskoye block has indicated that a prospective field in the Biiyski-Afoninski reservoir in the Middle Devonian horizon at approximately 4,200-4,500 m True Vertical Depth Subsea (TVDSS) may be larger than initially expected (based on histroric 2D seismic). As a consequence, the Company intends to defer final interpretation to allow for an additional 76 sq km of data - covering the full extent of the prospective field - to be contributed from the ongoing 3D seismic acquisition programme. This will enable the Company to delineate the prospective field and plan the optimal location for the first Devonian exploration well.

Sufficient interpretation of the relevant area from this phase is expected to be completed in Q3 2018 in order to allow for the positioning and drilling of the first Devonian exploration well on North Mokrous in Q4 2018.

As previously stated, Zoltav believes there is potential to yield substantial additional reserves and production from the Devonian and Carboniferous horizons which, if proven, would have a transformational impact on the size of the Bortovoy asset. The availability of modern seismic imaging, drilling and production technologies has enabled the Company to implement a work programme targetting these deeper structures which lie approx. 3,500-5,000 m TVDSS.

Eduard Sleyn, Chief Executive Officer, commented: 'Preliminary analysis from this phase of seismic is encouraging.

Further work will be required to delineate the field with a view to drilling an exploration well before the end of the year.'

Drilling News in Russia >>

Egypt >>  3/8/2021 - United Oil & Gas PLC ("UOG"), the growing oil and gas company with a portfolio of production, development, exploration and appraisal assets is pleased...
Australia >>  3/4/2021 - • WE4 second intermediate hole section reaches final section depth of 3,906m.
• Hydrocarbons shows observed throughout the entire hole section. <...


Colombia >>  3/4/2021 - Interoil Exploration and Production ASA is pleased to announce two transactions which strengthen the company’s production growth outlook in both Colom...
Guyana >>  3/4/2021 - Westmount Energy Limited, the AIM-quoted oil and gas investing company focussed on the Guyana-Suriname Basin reports that, further to its announcement...

Canada >>  3/3/2021 - Mark Jarvis, CEO of Shoal Point Energy Ltd. announced that drilling operations have commenced at the second well location of the Mount Evans project i...
Guyana >>  3/3/2021 - CGX Energy Inc. provided an update on the Kawa-1 and Makarapan-1 exploration wells and exploration program:
- The Kawa-1 exploration well on the...


Related Categories: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 

Related Articles: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 


Russia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 |

Oil & Gas Projects in Russia >>

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.