Baku, Azerbaijan, April 24
By Elena Kosolapova- Trend:
Max Petroleum Plc announces the successful drilling results of an appraisal well in the East Kyzylzhar I Field in Kazakh Atyrau region on April 23.
"The KZIE-5 appraisal well has reached a vertical depth of 1,295 metres with electric logs indicating seven metres of net oil pay in two Jurassic reservoirs over a 22 metre gross interval at vertical depths between 1,150 and 1,172 metres. Reservoir quality is excellent with porosities ranging from 18 to 35 percent," the company said.
The company is setting production casing in the well and will begin testing KZIE-5 as soon as practicable. The Zhanros ZJ-30 rig will next move to drill the KZIE-4 appraisal well.
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
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