Tethys Petroleum: Given 4 Year Extension to the Akkulka Exploration Contract
Tethys Petroleum Limited today announced that its wholly owned Kazakh subsidiary, TethysAralGaz LLP (“TAG”), has received permission from the Ministry of Energy of the Republic of Kazakhstan to extend the Akkulka Exploration Contract (the “Contract”) for another four years, from March 10, 2015 to March 10, 2019 (subject to certain …
Tethys Petroleum: Operational Update
In Kazakhstan, work continues on the gas project with the dehydration equipment having now been successfully tested in China and being shipped to Kazakhstan. Work is proceeding well on the installation of additional field pipelines, etc., and we are on track for meeting our production target of three times current …
Tethys Petroluem: Wells Being Prepared for Testing Program, Klymene Could Hold Good Potential
Tethys Petroleum Limited today gave an update on its operations in Kazakhstan. AKD08 (“Doto”) The AKD08 (“Doto”) exploration well has reached a total depth of 3,556 metres and electric logs have been run to TD in the 8 1/2″ hole section. As was previously announced, hydrocarbon indications have been observed …
Tethys Petroleum: Kazak Program Update
Tethys Petroleum the E&P Company focused on Central Asia and the Caspian Region, provided an update on operations in Kazakhstan. AKD08 (“Doto”) Well The AKD08 (“Doto”) well has reached a depth of 1,368 metres and electric logs have been run in the hole. The 13 3/8th casing is being run …
Tethys Petroleum: Extends Kazak Drilling Program
Tethys Petroleum Limited, the oil and gas exploration and production company focused on Central Asia and the Caspian Region, today announced an update on its Kazakhstan drilling schedule previously announced as part of the Kazakhstan work programme through Q1, 2014. Extended and accelerated drilling programme: Two deep exploration wells now …
Tethys Petroleum: Kazakhstan Oil Resource Upgrade
Tethys Petroleum is pleased to announce it has received an updated oil Resource Report for its Kazakhstan assets that estimates gross unrisked recoverable mean prospective oil resources of 1.17 billion barrels of oil. The resource report also shows a substantial amount of prospective gas resources. Key Points: Mean unrisked recoverable …
Tethys Secures Exploration Upside
Tethys Petroleum announced it has received permission for the extension of the Akkulka Exploration Contract in Kazakhstan where the Company is currently appraising the high potential Doris oil discovery and also where it has several exciting exploration targets. Key Points: Two year extension to comprehensively appraise Doris commercial oil discovery …
Tethys Petroleum Signs Uzbek Exploration MOU
Tethys Petroleum Limited today announced it has signed a Memorandum of Understanding with the Uzbek State oil and gas company, National Holding Company “Uzbekneftegaz”. The objective of this MOU is to provide the framework for a Joint Study and the negotiation process for an Exploration Agreement relating to certain exploration …
Tethys Petroleum announces inauguration of Aral Oil Terminal
Tethys Petroleum Limited, today announced the official inauguration of its Aral Oil Terminal (“AOT”) ‐ a new oil storage and rail loading facility for oil shipments from the Company’s Doris oilfield into the Kazakh rail system. The AOT is located approximately 230 km from the Doris oil field, significantly reducing …
Tethys Petroleum – Kazakh AKD06 well flows over 4,300 barrels of oil per day
Tethys Petroleum Limited today announced that the Cretaceous sand interval on the AKD06 Doris appraisal well had tested oil at a rate of over 4,300 barrels of oil (“bopd”) per day. “This is a very successful appraisal of the Doris discovery and once again shows the good flow potential of …