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Tethys Petroleum doubles gas price in Kazakhstan


Published Feb 1, 2013
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Tethys Petroleum Limited

Tethys Petroleum Limited has effectively doubled the net price of the gas which it is selling in Kazakhstan.

New gas price after marketing and distribution costs USD65 (USD72.8 including VAT) per 1,000 cubic metres (previously USD32.5 including VAT for the Kyzyloi and Akkulka Fields)

Current total production 430,000 cubic metres (15.2 million cubic feet or 2,530 barrels oil equivalent) per day

Further production increases achievable through the tie-in of other already drilled wells, and targeting shallow gas prospective resources

Net Proved + Probable gas reserves from the fields are 2.1 billion cubic metres (bcm) or 73.8 billion cubic feet (bcf) (Gustavson & Associates, December 31, 2011)

Net mean unrisked prospective gas resources of 18 billion cubic metres (bcm) 634 billion cubic feet (bcf) (Gustavson & Associates, April 30, 2012)

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