Max Spuds SAGW-4 Well in Kazakhstan

Kazakhstan-focused Max Petroleum reported Thursday that it has begun drilling the SAGW-4 appraisal well in the Sagiz West Field on Block E.

Using Zhanros Drilling’s ZJ-30 rig, the well will be drilled to a vertical depth of approximately 4,920 feet and is located approximately 2.5 miles south of the firm’s SAGW-3 well, which proved a success for the company in early 2012.

Max said that the results of SAGW-4 well, combined with newly-acquired 3D seismic data, will further help it evaluate the current estimate of approximately 79.8 million barrels of in-place contingent resources in the field. The firm said it will also assist in the design of an extended appraisal drilling program over the Sagiz West structure, which is expected to begin during the next several months.



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