BAKU, Azerbaijan, September 13
By Nargiz Sadikhova - Trend:
Tethys Petroleum Limited, which operates in Kazakhstan and Georgia, has generated commercial inflow in the Jurassic zone via perforating the KBD-03 exploratory well, Trend reports citing the company.
The initial production as of (5 Sep 2021) shows a daily rate of approximately 44 tons (approximately 300 bopd) using a 9mm choke. The company’s management believes production may be enhanced through the use of acid to help stimulate the well and will consider this application to increase the amount of oil production.
The AKK-28 shallow gas well has commenced testing and has been producing at a rate of 35,000 cubic meters per day using an 8 mm choke. Similar to AKD-12, this well is part of license #265. Permission to produce under this license is under application with an expectation of an announcement in late Q1 or early Q2 of 2022.
A decision has not yet been made whether it will be necessary to build a new gas pipeline to this area or whether to use existing facilities (with the tradeoff risk being that this pressure could displace some existing production from other wells).
Tethys is focused on oil and gas exploration and production activities in Central Asia and the Caspian Region. Tethys believes that significant potential exists in both exploration and in discovered deposits in the area.
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