UK’s JKX delays first gas from Russian field

摘要

London—UK-based JKX Oil and Gas is delaying the start of natural gas output from its Koshekhablskoye field in Russia to the fourth quarter of 2010, though the postponement will “flatten” the company’s cash spending in 2009, CEO Paul Davies said March 27.JKX warned last November that it may have to delay to 2010 first gas sales from the field, which it acquired in 2007 with the $50 million purchase of Russian company Yuzhgazenergie.