Matra announced that production has commenced from both existing wells in the Sokolovskoe Field, Russia.
Neither well has yet stabilized and as expected both will require acid stimulation and/or pump installation to maximize production rates.
Well -13 is currently producing approximately 65 bopd and well-12 approximately 100-150bopd, although both well rates are fluctuating significantly and have not yet unloaded residual mud and completion fluids from the wellbore.
In total over 2,000 bbls of oil have been produced from the wells and oil sales are being made on a regular basis.
Attempts to stabilize flow rates are being made before conducting the pressure surveys which will enable us to estimate the capability of the wells after acidization and/or pump installation.
It is notable that n…