Max Petroleum, a company focused on Kazakhstan, said it started drilling new wells at its Sagiz West and Uytas fields in the country.
Max said it reached a stable flow rate for oil at the SAGW-5 well in the Saqiz West field in Kazakhstan. It said an appraisal well in the field, the seventh for the southern portion of Sagiz West, is under way.
Kazakhstan is one of the premier oil producers in the Caspian region. The company, however, gave no reserve estimate for the entire Sagiz West prospect.
Max, based in London, said Tuesday it started drilling another appraisal well in the Uytas field, leaving four left in an initial appraisal program. It estimates the Uytas field contains 778 million barrels of oil.
Kazakhstan hosts the Kashagan oil field, one of the largest in the world, with as much as 16 billion barrels of estimated commercial reserves.
SOURCE: UPI
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Kenneth Carnesi holds a Juris Doctor degree from New York Law School and a Professional Certificate in International Banking from Harvard Law School. Kenneth Carnesi is the Director of Operations and Government Sales at Anaptyx LLC and sits on the Boards of The Lazarus Organization, Monkeetech LLC and MG Madison Phillips, Inc. Mr. Carnesi has also founded CICG - Carnesi International Consulting Group, a company specializing in strategy consulting to small to mid-size businesses.
Kenneth Carnesi, Sr. 
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