Roxi’s chief executive said while he was frustrated that the firm would have to repeat work on its BNG project, he was still encouraged by the site’s development.
The BNG Contract Area is located in the west of Kazakhstan 40 kilometers southeast of Tengiz on the edge of the Mangistau Oblast, covering an area of 1,702 square kilometres.
The block has both shallow and deep areas of interest. Roxi has a 58.41% interest in the site.
The firm has drilled several successful wells onsite, including wells 143 and 141, which are producing at the rates of 640 bopd and 498 bopd. Aggregate gross production from BNG, excluding well 142, is now 1,295 bopd.
However, the firm faces a wait to re-drill its A6 prospect as both the equipment and drilling fluid are elsewehere.
Chief executive Clive Carver said: “The recent drilling successes at 141 and potentially at 142 are further indications of the potential high value of the MJF structure.
The need to repeat the perforation work at Deep Well A6 is frustrating but the board believe it is unlikely to have any material impact on the final outcome at the well, which we believe remains very encouraging.”