Max Petroleum Encounters Hydrocarbons at Zhana Makat Well
by Max Petroleum plc
|Thursday, May 16, 2013
Max Petroleum plc, an oil and gas exploration and production company focused on Kazakhstan, announced that the ZMA-E6 development well in the Zhana Makat Field has successfully reached a total depth of 2,943 feet (897 meters), encountering hydrocarbons in Jurassic sandstone reservoirs in line with expectations. The Company plans to complete the well and then place it on production as soon as practicable. The Zhanros ZJ-20 rig will now move to drill the UTS-5 exploration well in the Uytas North Prospect on Block A, targeting resource potential of 11 million barrels of oil with a current geological chance of success of 24 percent.
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