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Discovery at Kazakhstan’s Rozhkovkoye field indicates larger reserves than previous thought

14th May 2014

KazMunaiGas Exploration Production (KMG EP) has announced a new discovery in the Bashkirian tier’s sediments of the Carboniferous period in the Rozhkovskoye field

Discovery at Kazakhstan’s Rozhkovkoye field indicates larger reserves than previous thought
Positive test results from the new Bashkirian deposit raise the prospect of increasing the field’s estimated reserves

Inflow of light dry crude oil and gas with maximum flow rates of 1.9 kboe/day and 6 million cubic feet/day, respectively, with 9.5 mm choke, was produced while carrying out tests in reservoirs of the Bashkirian period at the U-24 well drilled in 2013 in the north-east wing of the field. Previous exploration at this part of the field targeted hydrocarbons in the Bobrikovskiy and Tournaisian horizons.

Oil reserves of the new discovery have not been included in Miller & Lents 2013 year-end reserve assessments. Positive test results from the new Bashkirian deposit raise the prospect of increasing the field’s estimated reserves. A quantitative evaluation of reserves growth will occur following the results of further exploration.

Abat Nurseitov, chief executive officer of KMG EP said: “The discovery of Bashkirian deposit on Fyodorovskiy block confirms the high potential of this asset. This discovery is the result of consistent implementation of the planned exploration works focused on replacement and growth of the Company’s resource base.”

According to technical audits carried out in accordance with international standards, KMG EP 2P liquids hydrocarbon reserves of Rozhkovskoye field increased from 5.4 mt in 2012 to 7.9 mt in 2013. Production at Rozhkovskoye field is due to commence in 2017.

Ural Group Limited (UGL) is exploring the Rozhkovskoye field, and holds a 100 per cent stake in Ural Oil and Gas LLP (UOG) which owns the exploration license for the Fyodorovskiy block in the Zelenovsk district of Western Kazakhstan, 70 km east of Uralsk city. In 2011, KMG EP acquired a 50 per cent stake in Ural Group Limited (UGL) from Exploration Venture Limited (EVL).

loring the Rozhkovskoye field, and holds a 100 per cent stake in Ural Oil and Gas LLP (UOG) which owns the exploration license for the Fyodorovskiy block in the Zelenovsk district of Western Kazakhstan, 70 km east of Uralsk city. In 2011, KMG EP acquired a 50 per cent stake in Ural Group Limited (UGL) from Exploration Venture Limited (EVL). 

 

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