Exillon Energy Plc. flowed oil from Well #76 on the southern part of the ETP-III field in the Timan-Pechora region in Russia. The ETP III-76 well was designed to test the southern part of the ETP III field and is the first well drilled in Timan-Pechora since the company went public in December 2009.
The well flowed water-free oil naturally to the surface at a rate of 470 barrels per day on an 18-mm choke. The well encountered the Lower Silurian reservoir at 3,306 m (10,910 ft), confirming 15 m (49.5 ft) of effective net oil pay within the reservoir.
Based on the coring and logging results, the reservoir has clay-carbonate sediments with permeable cracks in several intervals. Well testing results support the company's geological understanding of the ETP III field.
On completion of testing, the well will be connected up to existing production facilities. The rig will mobilize to drill Well #7601 on the same structure with target completion in the first quarter 2012.
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