Kazakhstan Chamber of Commerce in the USA

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Max Petroleum finds oil

Posted on October 31, 2011 by Alex

British oil explorer Max Petroleum said on Friday it found 12 meters of net oil pay  – the zone of a reservoir that contains economically producible oil  – at the Jurassic layer of the ASK-2 well in the Asanketken Field, at a depth of 1,284 meters and 1,308  meters.  Max said it was running further tests before drilling to a total depth of about 3,300 meters to reach the well’s Triassic reservoir, which has an unrisked mean resource potential of 50 million barrels of oil.

The explorer also said one of itsprospects in the Block E license area in Kazakhstan was non-commercial, following disappointing results at one of the wells at the site that prompted it to abandon the well.

SOURCE: SRI, Kazakhstan Daily News Brief, dated 24 October, 2011, available at http://silkroadintelligencer.com/wp-content/files/srikznewsbrief_oct24_2011.pdf

 

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