1. Main
  2. Learn
  3. Economy
  4. Companies

British Max Petroleum strikes oil in Kazakhstan 11 сентября 2013, 14:09

British Max Petroleum PLC has discovered oil at Sagiz West and Uitas fields in Atyrau oblast in western Kazakhstan.
©RIA Novosti ©RIA Novosti
British Max Petroleum PLC running oil exploration and production projects in Kazakhstan has stricken oil at Sagiz West and Uitas fields in Atyrau oblast in western Kazakhstan, Tengrinews.kz reports citing the official website of the Kazakhstan Stock Exchange (KASE). SAGZ-5, a 1.4km deep vertical appraisal well at West Sagiz field, stroke a 16m oil formation with 19m interval at the depth of 1,269-1,288 meters. The reservoir is of good quality with porosity within 15-25 percent. The company will set a production string in the well and after obtaining permits and approvals from the authorities, it will start pilot production from the well. The ZJ-30 drilling rig will then be moved for drilling of SAGZ-6 appraisal well at West Sagiz field. It is not the only discovery that the British company has made: UTS-13 appraisal well at Uitas field reached the total depth of 208 meters and discovered a 8m oil formation at the Cretaceous level. The collector is of excellent quality. The shallow Albian stage of the well has weak visual oil showings at the depth of 46-50 meters. The company plans to complete the well’s development and then switch it to pilot production shortly. Max Petroleum also reported that its UTS-14 appraisal well at Uitas field successfully reached the target depth. The results will be unveiled later.

Nobel prizewinner proposes a new city in KZ
New abnormal snowfalls expected in Kazakhstan
Huge glacier retreat triggered in 1940s
Hyperloop construction begins in Las Vegas
"Moonlight" to top Spirit Awards nominations
Oil prices fall due to investors uncertainty
New dwarf galaxy discovered around Milky Way
Kanat Islam becomes a top ten WBO boxer
World oil prices continue to rise
Kazakhstan expects warming - Kazhydromet
Merkel to seek fourth term as chancellor
Sale of Tintin drawings set to break records
US, EU stocks fall as markets focus on dollar
Pacific leaders urged to defend free trade
EU warns eight nations on budget deficit
Universiade-2017: Athletic Village is ready
Bob Dylan can't make Nobel ceremony
Messi will never leave Barca - club president
Google, Facebook take aim at 'fake' news
Aerosmith announces Europe 'farewell' tour
Putin, Trump to normalise US-Russia ties
At least 10 hurt in southern Turkey blast
6.2 quake hits western Japan