Max Petroleum reaches new oil in Kazakhstan

Max Petroleum, a London-based oil and gas company focused on Kazakhstan, has announced the successful drilling results of an appraisal well in the East Kyzylzhar I field.

The KZIE-5 appraisal well 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 per cent to 35 per cent. Max 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.