Max Petroleum places Borkyldakty field on trial production
Kazakhstan focused explorer Max Petroleum has placed the Borkyldakty field on trial production after securing final regulatory approval, Proactive Investors reported.
The trial production project (TPP), which is valid through March 2013, allows Max to produce the field and drill additional exploration and appraisal wells to obtain necessary data to prepare a full field development plan.
The company has returned the BOR-1 discovery well to production and is planning to drill the BOR-3 development well in June 2011.
Meanwhile, the NARS-1 exploration well on the Narmundanak South prospect in Block E will be tested for commercial viability within 60-90 days, once the necessary regulatory approvals are secured. The well has reached total depth of 1,589 metres with logs indicating 4 metres of net oil pay at depths from 1,280 to 1,290 metres in the Triassic formation. Porosities are ranging from 18 percent to 25 percent.
Late last month, Max announced that the ASK-1 well at the Asanketken prospect in Block E would be completed as a Jurassic producer and a second well would be drilled to test the prospect's Triassic potential and further appraise its previously announced Jurassic discovery.