Tethys oil company to test new well in Kazakhstan

Oil&Gas Materials 18 October 2012 12:07 (UTC +04:00)

Azerbaijan, Baku, Oct. 18 / Trend E. Kosolapova/

Tethys Petroleum Limited company reached a total depth of 2,750 meters on the AKD07 exploration/appraisal well in Kazakhstan and has now run the production liner in order to test the Jurassic carbonate zone which appears to be oil bearing from the drilling and wireline log results, the company reported on Thursday.

The results of the total depth logging confirm those of the previous wireline logging indicating potential oil in the Jurassic carbonate some 30 meters deeper than the previous lowest known oil encountered in the area. This interval is now to be production tested using a staged approach.

"It is expected that the initial test results for the Jurassic carbonate zone will be available within the next month," the company said.

A positive test could result in a significant upgrade in reserves in this zone in the Doris oil field area and provide further appraisal/development targets at this level.

In the remainder of the well down to total depth, there were a number of sands encountered with limited hydrocarbon indications.

"However, these zones are likely too thin to contribute commercial production and, as such, will not be tested," the company said.

Tethys Petroleum Limited is an oil and gas exploration and production company currently focusing on Central Asia with projects in oil-rich Kazakhstan, Tajikistan and Uzbekistan. It is the only independent oil and gas company operating in all three countries.