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JKX Oil & Gas says January production hit as Russia stimulation ebbs

JKX Oil & Gas said its production in January declined year-on-year, as growth in its production in Ukraine was offset by a decline in Russia.

JKX Oil & Gas says January production hit as Russia stimulation ebbs JKX Oil & Gas says January production hit as Russia stimulation ebbs


JKX Oil & Gas on February 15, 2017, said its production in January declined year-on-year, as growth in its production in Ukraine was offset by a decline in Russia.

 

JKX said overall production fell 4.5% to 10,136 barrels of oil equivalent per day in January, from 10,616 a year before.

Production from its assets in Ukraine rose 9.9% year-on-year to 4,356 boepd from 3,964 boepd the year before, but this was offset by production in Russia slumping 13% to 5,779 boepd from 6,653 boepd.

 

JKX said its Ukraine production was boosted by the workover of the NN47 well at the Rudenkivske field, completed in December.

In Russia, the decline was resulted from the effect of acid stimulation conducted on some wells in November subsiding.

The company noted gas sales from its Hajdunanas field in Hungary started in February following a production and sales hiatus of more than 3 years.

Source : Neftegaz.RU