Burisma Drills a 5225 m deep Well at Karaykozivske Field

August 21, 2016

The International Energy Group Burisma finished drilling and put into operation a new well (№32) in the licensed area of Karaykozivsk (Karaykozivske field).

Well-related works took more than five years to complete. Over this period, the whole area was evaluated with a 3D-seismic survey conducted and a few exploratory wells drilled. According to the results of specifying works, well-related works at the well №32 continued in 2015, and were completed in July 2016.

The new well lies in optimum geological location at the field’s highest point. It is 5150 m deep, with a 36° angle and the total borehole length of 5225 m.

Initial production volume reached 290000 m³ of gas and 100 t of gas condensate per day. After the well was put into operation, the daily production rate turned out to be higher than expected. In the near future, another few wells are planned to be drilled in the Karaykozivske field.

“A detailed study of geological structure and the use of latest technologies allow us to implement a strategy that would increase production volumes at fields with difficult geological conditions. What makes this well unique is that we started exploration works a few years ago, and the drilling process turned out to be complex. The development of the directional well exceeded initially planned measurements reaching productive horizons in accordance with our geological studies”, noted the CEO for Ukrainian Operations at Burisma Taras Burdeinyi.

Planned production rate in the Karaykozivske field exceeds 1 mln. m³ of gas per day.

At year-end 2016, Burisma is planning to drill 12 wells, increasing the total number of wells up to 70.

For more detailed information please contact our press-center: media@burisma.com

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