Business news from Ukraine

Business news from Ukraine

CADOGAN INCREASES PRODUCTION AT MONASTYRETSKE FIELD 2.5-FOLD THANKS TO WORK-OVER AT THREE WELLS

Cadogan Petroleum Plc with assets in Ukraine has increased oil production at the Monastyretske field (Lviv region) 2.5-fold, to 225 barrels per day (bpd) thanks to the work-over on three wells, the company has reported on the website of the London Stock Exchange (LSE).
Under the programme, the work-over was carried out at Blazh 1, Blazh 3 and Blazh-Mon 3 wells.
Cadogan is an independent oil and gas company which operates exploration and production licenses in western Ukraine.

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