News // Oil and gas worldwide
JKX has signed a contract with Schlumberger for work in Ukraine
17 May 2017 , 16:07Neftegaz.RU210
UK oil exploration and production firm JKX has signed a contract with the oil services firm Schlumberger to stimulate 11 wells in the Ukraine.
The technical fleet has arrived at Poltava and it is expected that the work will begin within the next 2 weeks as part of the Rudenkivske field programme.
JKX say the Ukraine has a large-scale field development opportunity.
Rudenkivske is currently producing only 120 barrels per day according to 2016 figures, but JKX has ambitious plans to get that up to 18,000 barrels daily in 2020 to 2021
With official reserves of 1 tcm and gasbproduction of 20 bcma, Ukraine has a reserves life of up to 50 years, compared to 11 years in the US and 15 years in the EU.
18:00 21.04.2017Schlumberger boosts 1Q revenues as profit falls
18:00 19.04.2017Ukraine eyes coal reliance shift from Russia to US
14:21 14.04.2017Schlumberger commits $390 mln to Argentina shale project
12:17 11.04.2017Arab oil producers boast over half of the world’s reserves
14:15 29.03.2017Ukraine sues EC over Opal decision