Located in West Ukraine, Bitlyanska is an exploration licence in a proven and mature hydrocarbon system (outcrop and wells) within the Carpathian Krosno tectonic fold. It is surrounded by oil and gas producing fields (see figure). and close to existing infrastructure.
The license, which covers an area of 390Km2, contains the Bitlya, Borynya and Vovchenska hydrocarbon discoveries. During testing, hydrocarbons were found in low permeability / high pressure formations. The Borenya 3 well, which was re-entered in 2013, tested a significant influx of gas, oil and condensate but was not stable enough for production. The well is suspended pending fracturing and possible re-entry to the deeper layers.
The licence has been attributed 2P and 3 P reserves of 0.8 Mboe and 3.2 Mboe respectively, with significant upside 2C potential of 14.8 Mboe. The Borynya licence is estimated to hold 4.5 Mboe P50 prospective resources. The licence is valid till December 2019.
