Central Asia-focused company Roxi Petroleum has hit oil in the first deep well in its BNG asset in Kazakhstan.
The BNG contract area, located in the western part of the country on the edge of the Mangistau Oblast, covers an area of 1,561 square kilometres of which 1,376 square kilometres has 3D seismic coverage acquired in 2009 and 2010.
Well A5, the first deep well on BNG, has detected oil and gas shows at a depth of 4,332 meters, in the target middle Carboniferous formation.
The company will initiate testing of core samples following the clean-up work on the well, Roxi said in a statement.
“We are naturally delighted with these early indications and look forward to quantifying what has been discovered in the coming days and weeks,” said Clive Carver, Roxi Petroleum’s chairman.
The company holds a 58.4% interest in the licence.
The BNG drilling programme for the rest of 2014 sets out drilling of a further five shallow wells and in the first half of 2015 a further two deep wells.