JKX Oil & Gas plc announce the start-up of its stand-alone Elizavetovskoye field development with the successful completion of the first development well E-301.The well is now flowing gas to the newly commissioned early production facility which is located some 35 km to the southeast of Poltava, Ukraine. The first export of gas took place on the 15 January 2014.

Well E-301 is now in production following acidisation, clean-up and a multi-choke test sequence. The well is producing at a stabilised rate of 7.2 MMcfd and 3 bpd condensate through a 44/64-inch choke with a flowing wellhead pressure of 685 psi.

Tags: JKX Oil & Gas plc