Project Profile
Value: Undisclosed
Location: Emba B Prospect, Block E
Unrisked mean resource potential: 467 million barrels of oil equivalent
Start-up Year: -
Success on the first NUR-1 well at the Emba B prospect would significantly improve the chance of success on the remaining prospects and leads. The group spudded the NUR-1 well in early November 2011. Drilling is expected to take up to six months. Depending upon the results of NUR-1, the group will drill another Type II prospect or will move the deep rig to test the Type I, Kuzbak prospect on Block E. As of 31 October 2011, the group estimates the forward costs to drill the NUR-1 well to be US$21 million, net of US$8.6 million in drilling costs incurred to date, and the forward costs to drill a Type I well to be approximately US$20 million.
Operators:
Max Petroleum: Operator with 100% interest
Contractors:
Halliburton: Provide integrated project management services
Saipem Kazakhstan: Drilling rig