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Urals Energy Provides drilling Update

Source: www.gulfoilandgas.com 7/23/2008, Location: Asia

Urals Energy announced the successful testing of appraisal well #105 at the Dulisma Field. This first horizontal well completion at the Dulisma Field has been tested extensively over two weeks and has been certified by Geodata, a Russian oil services company, as flowing at 1,280 BOPD.

The well is now tied-in to the Field infrastructure and is producing. Including production from well #105, total average production by the Company is now approximately 6,500 BOPD.

The well is at a depth of 2,633 meters and, with deviation and a horizontal section in excess of 300m, has a total length of 3,182 meters. Future wells may be drilled with greater length as drilling techniques are optimized to maximize recovery. In June 2008, drilling commenced on a separate drilling pad with the Company’s second drilling rig (225 ton capacity) and drilling in the Field currently continues with two rigs operating simultaneously. In addition, construction of the oil field infrastructure, including the oil processing and transfer facilities and the 73 km oil export pipeline to ESPO is progressing.

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Related Categories: General  Hydrostatic Testing  Inspection  Laboratory Services  Non Destructive Testing  Testing 

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