Max Petroleum, Saipem Enter Kazakh Drilling Contract

Max Petroleum has entered into a contract with Saipem, a subsidiary of Eni, S.p.A., for a National 1625 DE onshore drilling rig for its deep, pre-salt exploration program. The contract secures the use of the 3,000 hp rig to drill a minimum of two deep wells in the Company's Blocks A&E license area.

The Company plans to commence drilling the NUR-1 well on the Emba B prospect in Block E during August 2011, targeting unrisked mean resource potential of 467 million barrels of oil equivalent ("mmboe") distributed over a probable range (P90 to P10) of 170 million to 817 million mmboe with a 29% geological chance of success.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Business Development Specialist
Expertise: Business Development|Sales
Location: Midland, TX
 
Floorhand II
Expertise: Floorhand / Roughneck
Location: Dixonville, PA
 
Fire Protection Project Manager
Expertise: Engineering Manager
Location: Corona, CA
 
search for more jobs

Brent Crude Oil : $55.14/BBL 0.61%
Light Crude Oil : $49.48/BBL 0.86%
Natural Gas : $3.12/MMBtu 0.95%
Updated in last 24 hours