DRILLING

Caspian active again in Kyrgyz Republic

WARMER weather has allowed Caspian Oil & Gas to revisit its Kyrgyz Republic exploration project, ...

Caspian active again in Kyrgyz Republic

During the Northern Hemisphere winter, the temperatures in the central Asian nation often fall well below zero degrees Celsius.

Caspian told the market yesterday that the Mailisu III-3 deviated well had reached a bottom-hole depth that was about 200 metres southeast of the surface location, with total depth planned for 750m.

Mailisu III-3, which is Caspian's third well in an 11-well program, is designed to further test oil targets in the Palaeogene limestone reservoirs.

At the first well the company is installing a beam pump following which it will enter production, expected at rates of 20-50 barrels of oil per day.

"The results of the Mailisu-1 have supported our initial model and the further drilling will continue to appraise the field which could prove to be over 8 square kilometres," Caspian said.

"While the wells may produce at modest rates, a high density of drilling could see substantial cumulative flow from the field."

The program's second well will be tested once a gas wellhead is acquired and Mailisu III-3 well completed.

A further three or four appraisal wells are planned for the Mailisu III area, after which Caspian will drill an exploration wildcat on the East Mailisu prospect to a depth of about 500-600 metres.

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