Russian-focused oil producer Exillon Energy says it has come up dry with one of its latest wells after revealing a clutch of discoveries.
The London-listed firm said it had struck oil in two wells drilled on the West Siberian EWS1 field, and a further reservoir at its Timan-Pechoria find, but a second well in that region had failed to return any hydrocarbons.
The company revealed it’s EWS1-91 well, drilled in May, had found 4.3m net oil pay in a reservoir, along with more than seven metres along the borehole, while the EWS1-72 well drilled last month also hit 4.3m.
An appraisal well at ETP VI-3, in Timan Pechora, found more than 12m of net oil pay in a lower Silurian reservoir, which is now being tested for production levels.
The ETP VI-2 field, however, was drilled and cemented in 70 days after failing to produce oil.
“Two additional wells have been previously planned for drilling in this part of the field in 2013,” the company said in a statement.
“No further drilling will be completed in this area of the field prior to the completion of the fracture survey.”
The company said it would update production expectations along with its half-year results next month.
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