Tethys Tastes Success at Third Kazakh Gas Well

Tethys Petroleum has announced the success of well AKK19, the third shallow gas exploration well of its 2014 programme in Kazakhstan.

Analysis of data from the well indicates it has a pay zone twice as thick as the AKK15 well which tested gas at a stable rate of approximately 7 million cubic feet (195,000 cubic metres or 1,167 barrels oil equivalent) per day, and the AKK19 well is anticipated to test at significantly higher than that rate, said Tethys.

The AKK19 well was drilled to a depth of 800 metres (2,624 feet) some 5 kilometres (3.1 miles) south-east of AKK15 and encountered an 8 metre (26 feet) interval of gas bearing Tasaran sand with an average porosity of 30%.

As per the company, the current shallow gas programme includes the drilling of up to 10 new exploration wells, based on the latest seismic data, as well as workovers and tie-ins, and is targeting a three fold increase in gas production by the beginning of 2015.

Tethys is focused on oil and gas exploration and production activities in Central Asia and the Caspian Region.