Britain’s Cadogan Petroleum Plc with assets in Ukraine after a work-over to stimulate the Blazh-1 well on the Monastyretske field in Lviv region has almost doubled production at the well, to 63 barrels per day (bpd), which allowed boosting Cadogan’s current production (oil and gas combined) has increased by 15.3%.
“As a result of this stimulation, Cadogan’s current production (oil and gas combined) has increased to 219 boepd (205 boepd net to Cadogan),” the company said on the London Stock Exchange on Thursday.
According to the report, the team and the equipment have been relocated to the Blazh-3 well to execute a work-over and chemical treatment. This operation is scheduled to be completed in approximately four weeks.
