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Tethys doubles shallow gas production onshore Kazakhstan

14th January 2015

Tethys Petroleum has announced that the new phase of gas production is on stream and is producing at more than double previous production

Tethys Petroleum has announced that the new phase of gas production is on stream and is producing at more than double previous production
Tethys plans to increase production later in Q2 and Q3 2015 with two more previously tested wells being brought online and with further optimisation of existing compression

Following the recent announcement of a new gas sales contract, the next phase of shallow gas production is now on stream and production has more than doubled. This new production was achieved on schedule and has been producing since the beginning of the year.

The 2015 shallow Gas Programme officially commenced on 1 January as forecast. Gas is now flowing at a combined rate of 559 million cubic metres a day (Mm3/d) (19.7 Mscft/d) from 12 wells, a rate more than double the previous rate of 260 Mm3/d (9.1 Mscft/d) from a combination of existing wells along with some of those drilled and tested in 2014 (AKK17, 18 and 19) and previously drilled and tested wells (AKK15 and 16) all tied-in on schedule.

The recently installed dehydration system is performing well and expected to be commissioned by the state in the next month.

Additionally, Tethys plans to increase production later in Q2 and Q3 2015 with two more previously tested wells being brought online and with further optimisation of existing compression.

Tethys is focused on oil and gas exploration and production activities in Central Asia and the Caspian Region. This highly prolific oil and gas area is rapidly developing and Tethys believes that significant potential exists in both exploration and in discovered deposits.

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