Panyelskaya Oil and Gas Company Sets New Records in Drilling

Republic of Komi, 11 December 2021

In LLC Panyelskaya Oil and Gas Company (a 100% subsidiary of RING OIL HOLDING AND TRADING COMPANY & KORSANEFT), an improvement in commercial drilling rates has been achieved. Records were set at the wells of the Prokhorovskoye field

Development drilling at the field began in April 2020. The process is complicated by a number of geological factors. Despite this, records in commercial drilling speed were recorded on two wells of various categories at once. The depth of the final face of each of them is more than 4,000 meters.

At well No. 14 (the category of wells with a drift of 1,900 - 5,000 m), the final bottom hole was reached in 48.76 days. Well No. 18 (the category of wells with a drift of 1,300 - 2,000 m) was drilled in 45.71 days.

Success is due to the use of advanced technologies and modern technical solutions.