Roxi Spuds New Well on Galaz Block, Kazakhstan

Central Asia-focused Roxi Petroleum reported Wednesday that it has spud Well NK-14 at the North-West Konys development on the Galaz block in central Kazakshtan.

Roxi said the planned total depth of the well is 4,920 feet and that it will target Jurassic and Cretaceous reservoirs. Currently, drilling has reached a depth of 1,980 feet.

The firm also said that its partner in the Galaz asset plans to drill the NK-24 well in early February. This will also target Jurassic and Cretaceous reservoirs and will be the first well located on the Galaz extension area.

Roxi also reported that aggregate gross pilot production from its existing wells is running at 875 barrels of oil per day (with net production to Roxi coming in at 300 bopd).

Roxi Chairman Clive Carver commented in a company statement:

"It is pleasing to see the development of Galaz continuing and in particular the first well on the extension area acquired in 2011. While not in the same league as our prime asset BNG we believe the Galaz Contract Area to have significant value."



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Seadrill CEO Praises Workforce (May 24)
 -  Serinus Shuts-In Sabria Field Due to S... (May 23)
 -  Proserv Secures Series of Services Dea... (May 23)
 -  BP Urges Engineers to Apply for Trinid... (May 23)
 -  CGG to Support Oman Industry Workers t... (May 23)


Most Popular Articles

From the Career Center
Jobs that may interest you
Operator Assistant
Expertise: Regulatory Compliance|Rig Mover|Wireline
Location: Bakersfield, CA
 
Well-Site Coordinator
Expertise: WellSite Supervisor
Location: El Reno, OK
 
Field Engineer I - Directional Drilling
Expertise: Directional Driller
Location: Evansville, WY
 
search for more jobs

Brent Crude Oil : $53.96/BBL 0.35%
Light Crude Oil : $51.36/BBL 0.21%
Natural Gas : $3.209/MMBtu 0.34%
Updated in last 24 hours