MXP spuds yet another shallow well. Considering the time of year with cold weather conditions present throughout the region – the turn-around from the last shallow well to today’s spud is pretty good.
When the rig cost is near $2mln per well, you don’t want to hang around.
The depth is slightly lower than past shallows which suggests that this drill could take a little longer than the normal 9 to 12 day duration.
News looks likely w/c 21st Jan.
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Max Petroleum Plc , Drilling Update
11 January 2013
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that it has commenced drilling the TOLW-1 exploration well on the Tolegen West prospect on Block E using Zhanros Drilling’s ZJ-20 rig. Total vertical depth of the well will be approximately 1,600 metres. The Tolegen West prospect is a four-way anticline targeting unrisked mean resources of 8 million barrels of oil in Triassic reservoirs.