Max Petroleum: Uytas Field Well Test Positive
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce an update on production test results and development plans for its Uytas Field. Highlights include: Interpretation of 3D seismic data acquired in late 2011 has revealed a structure larger than previously …
Tethys Petroleum Limited: First Oil Sales Through Kazakh Oil Terminal
-Tethys Petroleum (TSX: TPL)(LSE: TPL), an oil and gas exploration and production company focused on Central Asia with activities currently in the Republics of Kazakhstan, Tajikistan, and Uzbekistan, announced it has completed the first shipment of commercial oil production through its Aral Oil Terminal (the “AOT”) at Shalkar – a …
Max Petroleum NUR-1 Drilling Update
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, announces an update on drilling at the NUR-1 pre-salt well at the Emba B prospect on Block E. The well has reached the top of the Kungarian salt at a depth of 5,718 metres. Upon drilling …
Zhaikmunai: Proved Reserves Increase by 15.1% to 169.1 mmboe
Zhaikmunai LP, the oil and gas exploration and production enterprise today releases the independent reserves audit of its Chinarevskoye field in north-western Kazakhstan as at 31 December 2011. The report was prepared by petroleum consultants Ryder Scott Company. HIGHLIGHTS FROM THE 2011 RESERVES REPORT Proved reserves (1P) have increased by …
Roxi Petroleum: 5m USD for BNG Farm Out
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to announce that Bakmura LLP (“Bakmura”), a subsidiary of the Korean National Oil Corporation (“KNOC”), has agreed to pay an initial cash consideration of $5 million and to invest a further $25 million in the …
Max Petroleum: Zhana Makat Field Placed on Full Field Development
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, announces that the Kazakh Government has granted regulatory approval to convert the Zhana Makat Field to full field development (“FFD”) status effective immediately. FFD approval will allow Max Petroleum to develop and produce the Zhana Makat …
International Petroleum Appointed Pierre Godec as Non-Executive Director
International Petroleum Limited, an oil and gas exploration company with assets in Russia and Kazakhstan, is pleased to announce the appointment of Mr Pierre Godec as a Non-Executive Director of the Company with immediate effect. Mr Godec, aged 67, has 40 years’ experience in the international oil industry. He spent …
Alliance Oil Reserve Replacement 154% in 2011
Alliance Oil Company Ltd’s total oil reserves increased by 1.8% to 996.9 million barrels (978.8 million barrels). The Company replaced 153.6% of the total 2011 oil production by adding net proved and probable (2P) oil reserves of 9.6 million barrels (net of 17.9 million barrels produced in 2011) through exploration and development as well as reserve revisions. The Kolvinskoye …
Roxi Petroleum Spuds Weather Delayed BNG 316
Roxi Petroleum, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to update the market with regard to BNG well 136. The well, which is on the North Yelemes structure and is planned to be drilled to a total depth of 2,950 metres was spudded …
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 …