VOL. XLIII

No. 31

30-July-2000

CASPIAN

OKIOC Confirms Oil Discovery In Offshore Kashagan Structure

The Offshore Kazakstan International Operating Company (OKIOC) announced on 24 July that it had discovered oil at its Kashagan East-1 well. A press release issued by the consortium said the discovery, the first on the Kazakstan shelf, encountered an oil-bearing interval in the Palaeozoic Carbonates below 4,000ms. A test in the lower section of the well flowed 600 cu ms/day (3,775 b/d) of 42-44ºAPI...