Field production has been 1,100bbls of oil in the first two days of production and flow rates are expected to increase as drilling fluids are cleared out and the electric submersible pumps are optimized.
Three additional wells will be brought on production over the coming week.
Eleven wells are slated to be on production at the end of the year and the company expects to meet its year-end production target of 4,000bopd.
In order to achieve the maximum production levels and enhance oil recovery, a program of hydraulic fracture stimulation will commence in January 2011.
Current oil production is being used to complete the commissioning of the oil processing facilities and is filling the oil storage tanks at the facilities site and will commence filling the 60km pipeline to the Kiev-Eganskoye transfer point shortly.
Drilling of the seventh of the planned nine production wells at the Lineynoye oil field has now been completed and the preliminary log and survey data indicate that the well encountered the thickest net pay to date in the development program.
Production casing has been run in the well and cemented while the drilling rig has been moved along its rails and drilling of the eighth well has begun.
