Azerbaijan, Baku, Oct.11 / Trend, S.Dadashova /
Max Petroleum Plc has today announced that it has begun drilling the ZLGS-1 exploration well on the Zhalgyz South prospect in Block A, which has estimated unrisked mean resource potential of 18 million barrels of oil in a four-way, Triassic rim structure, Max Petroleum said in its press release.
According to the company, total depth of the well will be approximately 1,500 meters.
Max Petroleum is an independent oil and gas exploration and production company focused on Kazakhstan. The Company is a public limited company incorporated in the United Kingdom and listed on AIM.
The Company holds a 100% interest in the Blocks A&E Licence area covering over 12,455 km2 in the highly prolific Pre-Caspian Basin in Western Kazakhstan. The Pre-Caspian Basin has produced some of the world's largest oil and gas discoveries, including the super-giant Tengiz, Kashagan, Karachaganak and Astrakhan fields, which range in size from seven to 20 billion barrels of oil equivalent in recoverable reserves.