Max Petroleum taps Saipem for pre-salt drilling campaign in Kazakhstan

Source: Max Petroleum

Max Petroleum has entered into a contract with Saipem, a subsidiary of Eni, S.p.A. (NYSE:E), for a National 1625 DE onshore drilling rig for its deep, pre-salt exploration program in Kazakhstan. The contract secures the use of the 3,000 hp rig to drill a minimum of two deep wells in the Company's Blocks A&E license area. 

The Company plans to commence drilling the NUR-1 well on the Emba B prospect in Block E during August 2011, targeting unrisked mean resource potential of 467 million barrels of oil equivalent (mmboe) distributed over a probable range (P90 to P10) of 170 million to 817 million mmboe with a 29% geological chance of success.



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