Petro Matad spuds Davsan Tolgoi-5 well in Mongolia

Oil explorer Petro Matad has commenced drilling operations at the Davsan Tolgoi-5 (DT-5) exploration well in Block XX, Mongolia.



The company's contractor, DQE International, is drilling the well vertically to an estimated target depth of 2,020m.

This well will test a portion of the recently identified Uvgan Gal paleovalley as well as part of the Lower Tsagaansav Formation.

According to the company, the DT-5 well is 3.1 kms north-northeast of the DT-1 well and 2.5 kms south of the 19-62 well on the adjacent Block XIX, operated by Daqing Oilfields.

Earlier this week, Petro Matad reported its discovery of significant hydrocarbons in the DT-4 well.

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