Azerbaijan, Baku, Oct. 31 / Trend E. Kosolapova/
Tethys Petroleum Limited, the oil and gas exploration and production company focused on Central Asia and the Caspian Region announced that it had commenced drilling of the AKD09 (Dexa) well in Kazakhstan and updated on Kazakh oil production operations.
"The AKD09 (Dexa) well is located to the North-West of the producing Doris field and is designed to target Lower Cretaceous channel sandstone sequences similar to the current major producing unit in the Doris field. It is forecast to take approximately 45 - 50 days to drill to a planned total depth of 2,400 metres," the company reported on Thursday.
According to Tethys, the Dexa prospect has 14 million barrels gross mean unrisked recoverable prospective oil resources attributed to it (Gustavson & Associates, April 30, 2012) in the Cretaceous sequences and the company believes it to be an attractive prospect.
Tethys also said that following the successful installation and optimisation programme, previous mechanical issues relating to the downhole pumps have been resolved and production is currently approximately 3,300 barrels of oil per day from the three producing wells, these still being optimised.
Tethys is focused on oil and gas exploration and production activities in Central Asia and the Caspian Region with activities currently in the Republics of Kazakhstan, Tajikistan, Uzbekistan and potential interests in the Republic of Georgia. This highly prolific oil and gas area is rapidly developing and Tethys believes that significant potential exists in both exploration and in discovered deposits.