Santos Wraps Up First Phase in Kyrgyz Republic, Commences Drilling

Manas has announced that Farmee Santos International Holding Pty Ltd ("Santos") completed the first of two exploration phases for 5 blocks in the Kyrgyz Republic.

According to the farm-in agreement between Santos and Manas' 100% subsidiary DWM Petroleum AG ("DWM"), Santos committed to spend during the first phase US $10 million for geological studies, reprocessing of up to 5,000 km 2D seismic and 1,000 km of 2-D seismic or a combination of 2-D and 3-D seismic.

Santos has now committed to commence Phase 2 of the program which will comprise the drilling of three (3) exploration wells and three (3) appraisal wells to a maximum expenditure of US $7,000,000 per well. Santos retains a right to withdraw from Phase 2 within sixty (60) days of the completion of drilling of the second exploration well.
 

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
United States Canonsburg: Service Manager
Expertise: Customer Service|WellSite Supervisor
Location: Canonsburg, PA
 
Drilling Engineer II Job
Expertise: Drilling Engineering|Petroleum Engineering
Location: Houston, TX
 
Drilling Engineer
Expertise: Drilling Engineering
Location: Tulsa, OK
 
search for more jobs

Brent Crude Oil : $55.47/BBL 0.69%
Light Crude Oil : $52.48/BBL 0.30%
Natural Gas : $3.41/MMBtu 0.29%
Updated in last 24 hours