Roxi announces oil and gas discovery at BNG
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to update the market with news of a discovery at its flagship BNG asset.
Background
The BNG Contract Area is located in the west of Kazakhstan 40 km southeast of Tengiz on the edge of the Mangistau Oblast, covering an area of 1561 km2 of which 1376 km2 has 3D seismic coverage acquired in 2009 and 2010.
Roxi has a 58.41% interest in the BNG Contract Area.
Deep Well A5
Well A5, the first deep well on the BNG Contract Area, with a planned total depth of 4700 m is targeting principally the middle Carboniferous formation at 4390 m of the South Emba sub-basin.
Roxi is delighted to announce that oil and gas shows have been detected at a depth of 4332 m.
After the completion of clean-up work to deal with the oil and gas shows encountered, core samples will be taken to determine the oil-bearing horizon.
Further announcements will be made in due course.
Clive Carver, Chairman commented: "We are naturally delighted with these early indications and look forward to quantifying what has been discovered in the coming days and weeks."
BNG Ltd LLP has been the operator at BNG since 2011.
Adapted from press release by Cecilia Rehn
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/10072014/roxi_announces_oil_and_gas_discovery_at_bng/
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