25.8 C
Belgrade
Supported byspot_img
spot_img

Norway Karpinski Oil-Gas Co south Russia exploration blocks

Member of Europium Groupspot_img
Supported byspot_img
KOGC is  the majority shareholder in CJSC Rostneftegaz Geo (RNGG) which holds 100% of the Gashunsky and North Donskoy license blocks, covering an area of 4,958km².  Oil and gas has been discovered and produced south-east and north-west of the licences and in the nearby Donbass basin.
Karpinsky Oil and Gas Company (KOGC) has revealed plans to launch a drilling programme next year in the promising oil and gas license blocks it controls in the Karpinsky Ridge Basin in the Rostov Oblast, south of Russia.

The Oslo-based international E&P company says the latest seismic studies carried out on a number of leads in the area indicate substantial potential, with estimated total prospective resources of over 10.0 billion BOE on the license fields.

KOGC is now looking to attract a financial and/or industrial partner as it progresses with the project with the aim of launching the drilling programme in 2017.

Tom Haugen, KOGC’s CEO, said:  “The conclusions drawn from the seismic work indicate substantial exploration and production potential, with numerous large structures to be further evaluated and drilled.

Supported by

“Our first priority is to finalise seismic work and processing on the most promising leads in order to identify optimal spots for drilling of exploration wells.  The drilling programme is planned to be launched in 2017 and finalised in 2018.

“Given the estimated potential we have already established for the area, we are now actively seeking a financial and/or industrial partner as we move ahead into the next phase of this exciting and promising project.”

Operating in the area since 2006, KOGC has been the front-runner in exploration of the Karpinsky Ridge Basin, which lies between the Black Sea and Caspian Sea.

KOGC is  the majority shareholder in CJSC Rostneftegaz Geo (RNGG) which holds 100% of the Gashunsky and North Donskoy license blocks, covering an area of 4,958km².  Oil and gas has been discovered and produced south-east and north-west of the licences and in the nearby Donbass basin.

Global oil and gas service and software company AGR acts as technical partner to KOGC in the Karpinsky prospect development.

Erik Lorange, Exploration Manager of AGR, said:  “New and improved seismic technology has revealed large and promising structures in the area.

“We look forward to continuing to work with KOGC and other partners that take the opportunity to become involved in this project as it moves forward into its next phase.”

Supported byElevatePR Digital

Related News

Pan Global begins first exploration at Bravo target within Spain’s Escacena project

Pan Global Resources Inc. is excited to announce the start of its first exploration program at the Bravo target, part of the Company’s 100%-owned...

Red Hawk Mining advances Blacksmith iron ore project in Western Australia, aiming for 5Mtpa production

The Blacksmith iron ore project, located in Western Australia’s Pilbara region, is set to be developed as a direct shipping ore (DSO) operation. Led...

Metals Australia launches first phase of exploration at Quebec’s Corvette river project

Metals Australia has initiated the first phase of its exploration program at the Corvette river lithium, gold, copper and silver project in Quebec, Canada....

C29 Metals applies for new licences to expand Ulytau uranium project in Kazakhstan

C29 Metals has submitted two new licence applications in southern Kazakhstan, extending the coverage around its Ulytau uranium project to a total area of...
Supported by
Supported by
Supported by
error: Content is protected !!