Middle East Economic Survey

VOL. XLVIII

No 29

18-July-2005

Caspian

PetroKazakhstan Reports Successful Wells On Kolzhan License

Canadas PetroKazakhstan on 11 July reported that three out of four wells drilled in the Kolzhan license area during its 2005 exploration program had proved successful. Two exploration wells encountered 2.6ms and 9.4ms of net pay and produced 250 b/d and 700 b/d respectively in the Cretaceous formation, which the company said was a well-established oil bearing horizon in...