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Max Petroleum announces successful well result at Sagiz West field in Kazakhstan

Business Materials 2 October 2013 11:03 (UTC +04:00)
Max Petroleum Plc announced successful well result at Sagiz West field in Kazakhstan.

Azerbaijan, Baku, Oct. 2 / Trend E. Kosolapova/

Max Petroleum Plc announced successful well result at Sagiz West field in Kazakhstan.

"The SAGW-6 appraisal well in the Sagiz West Field has reached a total vertical depth of 1,453 metres, with electric logs indicating 30 metres of net oil pay over a 93 metre interval at depths ranging from 1,194 to 1,287 metres. Reservoir quality appears good with porosities ranging from 15 percent to 23 percent," the company said.

Max Petroleum is running production casing in the well, which will be completed and placed on test production after obtaining the requisite governmental approvals. The ZJ-30 drilling rig will next move to drill the SAGW-14 appraisal well near the southern end of the Sagiz West Field.

Max Petroleum Plc is an oil and gas exploration and production company focused on Kazakhstan. The company holds 100 percent of the Blocks A and E at the license area covering over 12,455 squire kilometers in the highly prolific Pre-Caspian Basin in West Kazakhstan

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