Max Petroleum: Spins Speculative Bit at UTS-8
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that it has commenced drilling the UTS-8 appraisal well in the Uytas Field on Block A using Zhanros Drilling’s ZJ-20 rig. The well will be drilled to a total vertical depth of 900 metres targeting Cretaceous, Jurassic and Triassic reservoirs. The location of the UTS-8 well is beyond the current limits of the field that are estimated to contain contingent resources. If successful, the UTS-8 well could significantly extend the Western limits of the Uytas Field.