Volga Gas provides the following operational update:

Drilling operations on VM

Drilling operations are underway on the VM#3 well, which is being partially re-drilled after mechanical difficulties caused operations to be suspended late in 2014. The drilling is operating at a vertical depth of 2,276 metres and is planned to reach a target depth of approximately 2,600 metres.

Meanwhile, Eurasia Drilling is currently completing assembly of a drilling rig on the location of the VM#4 well and will shortly commence drilling of a sidetrack to the well which was originally drilled in 2009.

Both of these wells are expected to contribute to increased production from the VM field by during the second half of 2015.

Tags: Volga Gas Plc