Max Petroleum’s latest Kazakhstan well did not disappoint as it found hydrocarbons, in line with the company’s expectations.
The ZMA-E7 development well in the Zhana Makat field was drilled to a total depth of 997 metres targetting reserves in the Jurassic sandstone reservoirs.
The company is looking to complete the well and place it on production as soon as possible, it said in a statement.
Following this latest well, the Zhanros ZJ-30 rig will await the approval of drilling on the ZMA-E8 well, expected in the third quarter of the year at an estimated cost of $1million.