Oil Gusher Produced in the Field in Mangistau Region
JSC NC "KazMunayGas” (KMG) informs that the oil exploration works in the exploration block of Becturly East in Mangistau Region have produced an oil gusher.
The oil flow at a rate of up to 100 m3/day, with a 12-mm choke (oil gravity is 0.82-0.85 g/cm3), is the result of a comprehensive geological and geophysical study of historical data, basin modelling, high-tech seismic exploration works, and the optimum placement of the BE-1 exploration well from the Middle-Jurassic interval. In addition, oil had been produced (oil gravity is 0.82 g/cm3) in previous exploration areas by sample drawing from the Middle-Jurassic and Lower-Jurassic sediments, and hydrocarbon indicators were also identified in Trias.
Field geophysical surveys and hydrodynamic research are currently under way to obtain additional information about the properties of the oil and gas horizon.
The Becturly East site is located in Karakiya District of Mangistau Region, in close proximity to such operating oil and gas fields as Uzen-Karamandybas, Zhetybai, Becturly, East Zhetybai, Aktas, etc. The project operator at Becturly East is Becturly Energy Operating LLP, which is jointly controlled by JSC NC "KazMunayGas" (50%) and Kokel Munay LLP (50%).
It should be noted that KMG cooperates with partners in the development of new fields on a carry financing basis, which means that the costs of the exploration works are borne by the partner. If the exploration results are successful, the partner will later recover the money from production of the oil.