Max Petroleum announces successful result at appraisal well in Kazakh Sagiz West Field
Baku, Azerbaijan, March 11
By Elena Kosolapova - Trend:
Max Petroleum Plc announced successful drilling results of the SAGW-13 appraisal well in Kazakh Sagiz West Field.
"The SAGW-13 appraisal well in the Sagiz West Field has reached a depth of 1,577 meters, with electric logs indicating six meters of net oil pay over a 16 meter gross interval in the Triassic Formation at depths between 1,252 and 1,268 meters," the company said on March 11.
Reservoir quality is fair with porosities ranging from 15 to 20 percent, according to Max Petroleum.
Max Petroleum also encountered visual shows over a lower reservoir at depths between 1,269 and 1,304 meters, with electric logs indicating another 26 meters of potentially productive reservoir albeit with higher levels of water saturation than encountered in the upper zone.
The company also plans to test this second interval for commerciality, but has not characterized this interval as net oil pay at this time.
SAGW-13 is located two kilometers southwest of SAGW-4, making it the most southern well drilled in the field to date. The company is setting production casing in the well and will begin testing the SAGW-13 as soon as practicable.
The Zhanros ZJ-30 rig will next move to drill the SAGW-7 well, the final well remaining in the current 11 well appraisal program at Sagiz West.
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 square kilometers in the highly prolific Pre-Caspian Basin in West Kazakhstan