3rd Sep 2018 08:38
LONDON (Alliance News) - Nostrum Oil & Gas said on Monday it has postponed the drilling of well 234 in Chinarevskoye oil and gas condensate field in Kazakhstan.
The postponement is due to the collapse of the well bore hole in the zone between the Afoninski and Biski reservoirs.
The company's proposed solution is to drill a side track, but before that Nostrum will prepare full study to find out why the bore hole hole collapsed to prevent it from happening again.
The drilling rig will be moved immediately, and is expected to return to well 234 for a side track in the first quarter of 2019.
Shares in Nostrum Oil & Gas were down 4.1% at 243.95 pence on Monday.
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