NIS drills first horizontal well in Serbia
NIS drills first horizontal well in Serbia
6 December 2013Drilling ofthe first horizontal well inSerbia has been successfully completed atthe Kikinda Varos oil field, which isbeing developed byNIS. The results obtained have confirmed the geologic model previously built byNIS specialists.
The well is2,670 meters deep, with a250 meter lateral. Ittook thirty days tocomplete the work. Well testing iscurrently underway. Sofar, the well has produced agushing flow ofwaterless oil atarate ofapproximately forty tons per day.
The horizontal well atKikinda Varos field isthe first success ofsimilar projects not only inSerbia, but inall the countries ofthe former Yugoslavia. Inthe future, NIS plans touse this technology for its new high potential project: the development ofthe heavy high-viscosity oil from Gaj field, where traditional drilling methods won’t work.
“Using new technologies that boost our company’s performance isone ofour priorities. Once the innovations are successfully tested atour fields, wegoontoapply the experience atour other assets, including those inSerbia. The use ofsuch technologies ashorizontal drilling that are unique for the region enables production growth insuch places where itwas simply impossible before,” says Gazprom Neft First Deputy CEO and Chairman ofthe NIS Board ofDirectors Vadim Yakovlev.
REFERENCE
NIS isone ofthe largest vertically integrated power generating companies inSoutheastern Europe. Its main lines ofbusiness are the exploration, production, and refining ofoil and gas, aswell asthe sale ofpetroleum products. Gazprom Neft owns 56.15 percent ofthe shares ofNIS. The Republic ofSerbia has a29.88 percent ownership stake inNIS. Anoil refinery inSerbia with two production sites, one inthe city ofPančevo and one inNovi Sad, which have acombined capacity of7million tons ofoil per year, belongs toNIS, asdoes anautogas production shop inElemir. The company’s total production volume isapproximately 1.8 million tons ofoil equivalent per year. The company’s retail network includes over 500 filling stations, loading stations, and oil depots located inthe countries ofthe Balkan region. Besides Serbia, NIS operates inBosnia and Herzegovina, Hungary, Bulgaria, Turkmenistan, Angola, and other countries.
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