Caspian to Commence Drilling in Central Asia

Caspian Oil & Gas is to drill the West Mailisu #2 well in the West Mailisu licence in the Kyrgyz Republic, Central Asia, between May and June 2011.

The firm has completed its interpretation of the 2010 seismic data at the West Mailisu prospect, which lies adjacent to the Mailisu IV oilfield.

Caspian chief executive Graeme Parsons said West Mailisu #2 has potential for oil in Eocene age sands and carbonates (in beds III, V and VII) and gas in the Cretaceous and Jurassic age sands.

“Structurally, the feature is defined by a NW-SE trending reverse fault on the northern flank,” Parsons said.

The firm expects the prospect to contain oil reserves of up to 9.7 million barrels, with mean potential reserves of 4.5 million barrels for the Eocene reservoirs.

The firm will drill the well to a depth of 2,000m with its own rig to test the Eocene and upper Cretaceous sands.