Ruspetro announces successful first horizontal well test

LONDON -- Ruspetro has announced that a successful ten day flow test has been carried out on the company' s first multi-stage fractured horizontal well (number 214) in its Pottymsko-Inginsky license area in Siberia. Three large fractures were placed in the 600 m horizontal section of the well. After initial clean-up the well produced an average rate of 1,350 bopd over the test period with a watercut of approximately 50%. The watercut is steadily declining, as expected, and this will allow for further optimization of the performance of the ESP.

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