Ukraine's Cub Launches 3-Well Campaign

Ukraine-focused Cub Energy announced on September 16 that its 50%-owned subsidiary CNG had embarked on a three-well drilling campaign at the Uzhgorod licence in the west of the country.

Work on the first well, Uzhgorod-101, is underway, the Houston-based company said in a statement. The wells will be sunk to a depth of 1,500 to 1,900 metres, targeting several prospects identified with 3D seismic surveys. Cub’s Slovakian licence partner, Nafta International, is covering the entire cost of the drilling programme.

Uzhgorod covers 750,000 acres in Ukraine’s western Transcarpathian basin, next to Cub’s 100%-owned Rusko-Komarivske gas field, which is already in production. It also lies near the online Ptruksa gas deposit over the border in Slovakia.

Cub is one of several junior producers working in Ukraine. It produced 873 boe/day of gas and condensate in the first half of 2019, up from 819 boe/day a year earlier.