facebook
twitter
rss
account
search
search
 

Kazakh oil success story continues

July 16, 2013 at 6:46 AM   |   Comments

LONDON, July 16 (UPI) -- A new drilling operation is under way in the northern section of a reserve area in Kazakhstan, Max Petroleum announced Tuesday.

Max, which has headquarters in London, said it started drilling a new appraisal well in the Uytas field in Kazakhstan. The company said the latest well is the third of 13 planned for the field.

The company reported Monday it made an oil discovery in the same reserve area after drilling to a depth of 1,475 feet onshore. The company said the discovery measured 36 feet thick.

An April report from Max estimated the field's reserve potential at 778 million barrels of oil.

Kazakhstan hosts the Kashagan oil field, one of the largest in the world, with as much as 16 billion barrels of estimated commercial reserves.

Amnesty International last week expressed concern about the human rights situation in Kazakhstan. Kazakh authorities last year charged demonstrators involved in 2011 clashes in the western oil city of Zhanaozen with plotting to overthrow the government. At least 15 people were killed during labor strikes in the city two years ago.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Most Popular
1
Tony Hayward: Kurdish oil sector open for business Tony Hayward: Kurdish oil sector open for business
2
Textron's G-CLAW on target in live-fire demonstration Textron's G-CLAW on target in live-fire demonstration
3
Pay up, Gazprom tells Ukraine Pay up, Gazprom tells Ukraine
4
$3 gas could make a comeback $3 gas could make a comeback
5
E-3 Sentry aircraft tipped for digital cockpit, avionic systems makeover E-3 Sentry aircraft tipped for digital cockpit, avionic systems makeover
Trending News
Video
x
Feedback