Reach Energy starts drilling in Kazakh field

PETALING JAYA: Reach Energy Bhd’s has started drilling first exploration well in Kazakhstan-based Kariman field as part of its Emir-Oil’s exploration commitment.

The group told the stock exchange that the Kariman #16 vertical exploration well was spud on Oct 6, targeting a highly graded hydrocarbon trap which was identified to being in close proximity to the west flank of Kariman field.

“It is expected that this well will confirm larger extent of the hydrocarbon resource exploited in the Kariman structure.”

Additionally, this exploration well will augment the geological understanding of the prolific trend and support further exploration efforts,” it added.

The expected success of this exploration well would increase the group’s Proved plus Probable (2P) reserves by a significant amount.

One of Reach Energy’s specific target is to confirm the maximum depth of the oil accumulation thus reducing uncertainty in resource calculations.

The well will penetrate the Middle Triassic carbonate reservoirs, specifically T2A, T2B, and T2C.

It has a total depth (True Vertical Depth Subsea, TVDSS) of 3937 m and total drilling duration is expected to be 120 days.

“Our advanced drilling program will be undertaken by a mix of local and international reputable service providers such as Sinopec, AsiaPetroService, Drill-Lab Kazakhstan, and KazPromGeofizika,” it added.