Jupiter Energy Hits Oil in Kazakhstan

Jupiter Energy has made an oil discovery in its J-50 well, which is being drilled on block 31 in the Mangistau Basin, Kazakhstan.

The well at the top of the middle triassic reservoir intersected at 2939mRT and hydrocarbon shows refer to the presence in oil-saturated rock in the top 18m of the reservoir.

It is the primary target of the J-50 well and is the producing reservoir in the offset North Akkar oil field.

The reservoir is expected to be 120m thick, overlying a regional shale basement.

With the intersection of the middle triassic “A minus” formation, the J-50 has closely followed the geological prognosis.

Jupiter plans to evaluate the formation further, complete the J-50 well and begin production testing soon.