Max Petroleum fails to find commercial hydrocarbons in appraisal wells in Kazakhstan
Azerbaijan, Baku, Oct. 17 / Trend E. Kosolapova/
Max Petroleum Plc has completed drilling the SAGW-14 appraisal well in the Sagiz West field in Kazakhstan to a vertical depth of 1,423 metres without encountering sufficient hydrocarbons to be commercial and it will be plugged and abandoned, the company reported.
"The results of the well will be analysed and integrated into the geotechnical evaluation of the field," the company said.
The Zhanros ZJ-30 rig will next move to drill the SAGW-9 well, one of seven wells remaining in the current appraisal programme in the field.
In the Uytas field, the UTS-9 appraisal well reached a total depth of 550 metres, without encountering sufficient hydrocarbons to be commercial. The well will also be plugged and abandoned.
The Zhanros mobile truck mounted rig is now moving to the UTS-18 appraisal well, which will be drilled to a total depth of approximately 450 metres targeting Cretaceous and Jurassic reservoirs. After UTS-18, an additional three wells remain to be drilled as part of the initial appraisal programme in the 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.