Max Petroleum reports development plans for Uytas field
Max Petroleum provide an update on production test results and development plans for its Uytas Field. Interpretation of 3D seismic data acquired in late 2011 has
Max Petroleum provide an update on production test results and development plans for its Uytas Field.
■ Interpretation of 3D seismic data acquired in late 2011 has revealed a structure larger than previously identified; ■ Company estimates overall oil in place of 184 million barrels ("mmbo"), including: ■ 58 mmbo in conventional Cretaceous Aptian ("Aptian") and Jurassic reservoirs; ■ 126 mmbo in shallower, non-conventional Cretaceous Albian ("Albian") reservoirs; ■ Well tests have confirmed commercial productivity from the Aptian and Jurassic sandstone reservoirs with Phase One of an appraisal and development programme expected to include approximately 30 low-cost, shallow vertical wells; ■ Based on testing and core analysis, the Company is planning an enhanced oil recovery pilot project using steam injection to determine the commerciality of the Albian reservoirs