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Success for Max at Kazakh well
BRITISH oil explorer Max Petroleum said it was encouraged by drilling results at a well in Kazakhstan, indicating 36 metres of potential net oil pay.
Oil pay or net pay refers to the zone of a reservoir that contains economically producible oil. The Kazakhstan-focused company also said it recorded significant shows of oil and gas in the Kungurian salt near total depth of the UTS-4 well in Uytas field.
“The oil and gas show below the salt was a pleasant surprise we plan to evaluate further through future wells and the development 3D seismic data we will acquire in October,” the company said in a statement.