JKX Oil & Gas has completed its second development well in the Elizavetovskoye field in Ukraine, the company said in a news release.

Following the standard acidization and cleanup procedure, well E-302 produced at a stabilized rate of 6.2 MMcf/d and 14 bbl/d of condensate through a 44/64-in. choke with a flowing wellhead pressure of 760 psi during the last phase of the multi-choke test sequence. The well has now been placed on production.

Well E-302 was drilled to a measured depth of 3,156 m (10,354 ft) and was targeted at the primary Permian A2 carbonate reservoir. It also has been engineered to permit deepening to the Upper Carboniferous G7-12 sandstone reservoirs, should that be required at a later date, the release said. The N-75 Skytop rig has now left the Elizavetovskoye field to drill development well NN-80 on the Novo-Nikolaevskoye field.

The next well on the field, E-304, will target the deeper G sands and drilling is planned 3Q 2014. The 3-D seismic acquisition program over the field is nearly complete and processing is commencing. The data will aid the selection of well locations for further appraisal and development of the A2 carbonate and G sands reservoirs away from the core producing area, according to the release.