The SAGW-13 appraisal well in the Sagiz West field in Kazakhstan reached a depth of 1,577 m (5,174 ft), and electric logs indicated 6 m (20 ft) of net oil pay over a 16-m (52-ft) gross interval in the Triassic formation at depths between 1,252 m and 1,268 m (4,108 ft and 4,160 ft). Reservoir quality is fair with porosities ranging from 15% to 20%, Max Petroleum Plc said.
Max also encountered visual shows over a lower reservoir at depths between 1,269 m and 1,304 m (4,163 ft and 4,278 ft) with electric logs indicating another 26 m (85 ft) of potentially productive reservoir, though there are higher levels of water saturation than encountered in the upper zone. The company plans to test this second interval for commerciality but has not characterized it as net oil pay at this time.
Recommended Reading
Glenfarne Signs on to Develop Alaska LNG Project
2025-01-09 - Glenfarne has signed a deal with a state-owned Alaskan corporation to develop a natural gas pipeline and facilities for export and utility purposes.
Shale Outlook: Power Demand Drives Lower 48 Midstream Expansions
2025-01-10 - Rising electrical demand may finally push natural gas demand to catch up with production.
Targa Buys Back Bakken Assets After Strong 2024
2025-02-20 - Targa Resources Corp. is repurchasing its interest in Targa Badlands LLC for $1.8 billion and announced three new projects to expand its NGL system during its fourth-quarter earnings call.
Kinder Morgan to Build $1.7B Texas Pipeline to Serve LNG Sector
2025-01-22 - Kinder Morgan said the 216-mile project will originate in Katy, Texas, and move gas volumes to the Gulf Coast’s LNG and industrial corridor beginning in 2027.
Polar LNG Express: North American NatGas Dynamics to Change with LNG Canada
2025-02-21 - The next major natural gas export project in North America has a location advantage with Asian markets. LNG Canada opens up a new pathway that will change the price dynamics for producers.