Project Profile
Value: Undisclosed
Location: Poltava region of Ukraine
Start-up Year: Feb 2013
Area: 69.2km2
The Sorochynska project is located approximately 320km east of Kiev in the Poltava region of Ukraine, 3km to the west from Velyki Sorochynska village.
The area has a developed gas transportation infrastructure. Within 7km of the license is a new gas plant that is already connected to the main trunk line. There is gas processing infrastructure in close proximity to the license.
The license is an exploration license which includes the rights for pilot production (on a commercial basis) prior to obtaining a production license. The license terms are that geological studies are to be undertaken and one well is to be drilled within the license area. The Sorochynska project license 3003 (100% owned) area size is 69.2km2 within areas B18b & B24/25.
In April 2015, Hawkley Oil and Gas Limited reported loss of gas production from Well 201 on the Sorochynska licence in Ukraine. In November 2014, the Sorochynska 201 well experienced a sudden significant decrease in production. Investigations identified that the change in performance was due to water influx. Production ceased during December whilst investigations into possible remedies continued. Earlier this month the supply and installation of additional compression equipment was completed in an effort to resume production. Testing and commissioning of the additional equipment was carried out successfully, however the gas volume and pressure at the inlet was not sufficient for the compressor to continue operation. The well is currently closed with monitoring indicating that the gas pressure is increasing due to gas inflow. The situation will continue to be monitored with the possibility of a further attempt to restart production in the next few weeks if gas pressure increases sufficiently.
In November 2016, Hawkley announced it had sold its Ukrainian assets, including Sorochynska to Tomeas Assets Ltd. for a US$1 million original consideration to help pay down its debts. As of December 2016, gas and condensate production from the Sorochynska 201 well remained suspended. Hawkley said efforts to remedy the situation, which included new compression installations, had failed.
Operator:
Tomeas Assets Ltd:: Operator with 100% interest
Contractor:
Chernigov NGG drilling: Drilling contractor