Work Commences on Re-Entry of Akkulka Well

Tethys Petroleum announced that work had commenced on the re-entry of well G6 on the Akkulka Block in Kazakhstan, this work being aimed at establishing the potential extent of the Doris oil discovery and associated potential oil accumulations.

Well G6, which is located some 16 km west of the AKD01 Doris discovery well was originally drilled in 2001 by the then contractor on the Akkulka block and was abandoned without running casing or testing (possibly because of lack of funding) following the drillbit becoming stuck in the hole. There were indications of hydrocarbon shows encountered in the well and indeed samples of oil recovered from the well have now been located and analyzed showing the same API gravity as the oil recovered from the upper zone in the AKD01 well test. Re-interpretation of the G6 wireline logs based on the data from the recently drilled AKD02 and AKD01 wells shows the possible presence of movable hydrocarbons in the well, with the upper sandstone reservoir interval being significantly thicker than that encountered in AKD01.

The re-entry of well G6 (well G6RE) is designed to evaluate the two intervals, which were found to be oil-bearing in AKD01 and to test these intervals. The well is planned to reach a total depth of 2,400 meters, sidetracking around the stuck drillbit, and then casing will be run to test both zones. It is likely that operations will take until early September. The presence of commercial oil flow from the G6RE well (on a separate prospect to Doris now named "Dodone") would significantly increase the potential size of the oil accumulations associated with the Doris oil discovery along the southern flank of the Akkulka high. Work on the Doris appraisal and related exploration program has been proceeding slightly slower than planned due to some local issues with equipment and bad weather causing some challenges in logistics but these issues have now been addressed and the program is now moving ahead.