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PNG Drilling Company has started to drill new well on turnkey basis at Verblujie oilfield in the Astrakhan region of Russia.

07.12.2012

PNG Drilling Company has started to drill new well on turnkey basis at Verblujie oilfield ( Astrakhan region, Russia ) for the South Oil Company that is subsidiary company of Astrakhan Oil Corporation Plc (Great Britain).

On December 06-th, 2012 the governor of the Astrakhan region Mr. Zhilkin A.A., top executive managers of Astrakhan Oil Corporation Plc Mr. Robert Sheard, Mr. Nickolas Gosse, Mr. Leonid Orlov, the president of PNG Drilling Company Ltd. Mr. Abdullaev Z.M. have attended the official ceremony of start drilling.
The well drilling will be performed by Italian-American mobile drilling rig «Pobedit 4000 WEI DS 205». with top drive Simultaneously, PNG Drilling Company has been completing the construction of 14 km road to the oil field and drilling site where three other wells should be drilled by the end of June 2013 with full range of geophysical well logging realized. The total amount of the contract is more than 10 mln USD.

Under the terms of the tender for these wells construction PNG Drilling subcontractors are Schlumberger Company (well cementing and geophysical well logging), MI-SWACO (drilling fluid processing), Baker Hughes (drill bit service).

The president of PNG Drilling Company Mr. Abdullaev Z.M. has expressed confidence that new wells of high quality will be constructed in very short time. Mr. Abdullaev has stressed that PNG Drilling Company goal is to become the preferred contractor for the South Oil Company in the development of the Verblujie and other Astrakhan-Neft Company oilfields .

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