Scandinavian Oil-Gas Magazine

http://www.scandoil.com/moxie-bm2/news/drilling/petroneft-awarded-drilling-contract-to-eurasia-dri.shtml

PetroNeft awarded drilling contract to Eurasia Drilling for Tungolskoye development

PetroNeft is pleased to provide an update on operations at Licence 61. Tungolskoye Development drilling contract awarded to Eurasia Drilling, one of the largest drilling

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PetroNeft Resources

PetroNeft is pleased to provide an update on operations at Licence 61.

Highlights

Tungolskoye •Tungolskoye Development drilling contract awarded to Eurasia Drilling, one of the largest drilling companies in Russia ◦Development will consist of up to 11 wells ◦Rig mobilization and construction of 25 km oil pipeline and utility line from Tungolskoye to Lineynoye Central Processing Facilities is now underway

•T-5 well temporarily shut-in while exploration rig is disassembled and pump remedial works completed

Arbuzovskoye •Arbuzovskoye 104 well now on production at an initial rate of 100 bopd •Arbuzovskoye 107 well has confirmed 3.2 m of net oil pay and has been put on production at an initial rate of 100 bopd •Arbuzovskoye 108 well has confirmed 2.2 m of net oil pay and will be put on production shortly.

Tags: PetroNeft Resources plc