Tethys completes drilling of fourth well in Kazakhstan

Tethys Petroleum has completed drilling and logging of the fourth well in its 2014 shallow gas drilling programme in Kazakhstan.

The AKK20 well was drilled down to 681m with hydrocarbon indications within the target Tasaran sand. Tethys said that testing will be required on it to confirm commerciality.

The well is located around 4.4km north of the AKK15 well that encountered a gas-bearing interval within the Tasaran which tested gas at a stable rate of about 195,000m³ a day.

The company is currently carrying production casing and will prepare the well for flow testing as part of a testing programme, along with AKK17, AKK18 and AKK19, that is due to start later in June.

Tethys will then submit the results of the programme to the State Committee for Reserves to secure approval to incorporate the wells into the existing Akkulka production contract.

Tethys has recently unveiled that it discovered gas at the AKK19 well, which was drilled on the Akkulka property to a depth of 800m.

The AKK15 well tested at a rate of about 7 million cubic feet of gas a day, or the equivalent of 1,167 barrels oil.

Tethys Petroleum is currently focused on Central Asia and the Caspian Region with projects in Kazakhstan, Tajikistan and Georgia.

The company owns a 100% stake in the Kyzyloi and Akkulka proven shallow gas fields, 100% interest in Doris and Dione proven oil fields and 100% stake in the Kul-Bas exploration and production contract in Kazakhstan.