The contractors held a pre-start meeting for exploration drilling on the Tub-Karagan offshore block in the Kazakhstan's sector of the Caspian Sea in Aktau, Republic of Kazakhstan.
The contractor company managers attended the conference, as well as Lukoil Overseas and KazMunaiTeniz, parent companies of the operator, Tub-Karagan Operating Co. B.V. They own the company on a 50/50 basis.
The first exploration well's main purpose is to study the geological profile, discover hydrocarbon deposits, and evaluate their commercial productivity. The design of the vertical well will be to 2,500 m TD. Water depth at the drilling site is 7m. Drilling will be performed on zero-discharge basis, with all industrial waste recycled.
Lukoil-Shelf (Astrakhan) towed theAstra semisubmersible drilling rig from Turkmenistan's sector of the Caspian Sea to the area of operations within the set deadlines and completed positioning operations. The services contractor, Petroalliance, will meet its commitments regarding delivery of well testing equipment.
Participants of the conference confirmed April 30 as the possible drilling spud date and the well should reach total depth in 106 days.
The Tub-Karagan block is more than 1,300 sq km with projected in-place reserves of 324 million tons of oil. Peak production is estimated to be 7 million tons/yr with cumulative production reaching 110 million tons of oil.