Kazakhstan-focused Max Petroleum PLC (LON:MXP) said the ASK-2 exploration well in the Asanketken field has reached an intermediate casing point at 2,000 metres, with electric logs indicating 12 metres of net oil pay in Jurassic reservoirs between depths of 1,284 and 1,308 metres.
These reservoirs appear to correlate to the previously tested Jurassic reservoirs discovered in the ASK-1 well, confirming the original Jurassic discovery in the field. Reservoir quality is excellent with porosities ranging from 25 to 30 percent, the group said.
Max is running intermediate casing in the well prior to drilling ahead to total depth of approximately 3,300 metres to test the well's primary target, Triassic reservoirs with unrisked mean resource potential of 50 million barrels of oil.
The group also annouced that the ZMA-E2 appraisal well in the Zhana Makat field has reached a total depth of 915 metres with electric logs indicating six metres of net oil pay in two Jurassic reservoirs at depths between 835 and 875 metres. Reservoir quality is very good with porosities ranging from 20 to 25 percent.
The well will be placed on test production as soon as the necessary government approvals are obtained.
Meanwhile, the NUR-1 exploration well on the Emba B Prospect in Block E is on track to commence drilling operations by the end of October. NUR-1 will target unrisked mean resource potential of 467 million barrels of oil equivalent.
Max said it has determined that the Narmundanak South prospect in Block E is non-commercial after initial production test results from the NARS-1 well produced oil at non-commercial rates. It will plug and abandon the well. Read More
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