Max Petroleum, an oil and gas exploration and development company focused on Kazakhstan, has confirmed that the ZMA-ET2 appraisal well in the Zhana Makat Field has reached a total depth of 1,492 metres, with electric logs indicating 18 metres of net oil pay in three Triassic sandstone reservoirs at depths ranging between 1,283 and 1,358 metres.
Reservoir quality appears excellent with porosities ranging from 18 to 26%.
Max Petroleum is running production casing in the well. The Company will complete and test the ZMA-ET2 well using a workover rig after obtaining the requisite governmental approvals, and will announce test results as soon as practicable.
The Zhana Makat Field had an average daily production of approximately 2,100 bopd for the four months ended 31 July 2010.
The Field has been on commercial production under a TPP since August 2007. In the year ended 31 March 2010, the Group drilled two successful development wells in the Zhana Makat Field prior to commencing the Group’s post-salt exploration programme in January 2010.
In August 2010, the Group successfully completed the ZMA-A15 development well, encountering 30 metres of net oil pay including 12 metres in the proven Jurassic section and 18 metres in a secondary, exploratory Triassic objective.
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