IRVING, Texas--(BUSINESS WIRE)--May 4, 2001--Exxon Mobil Corporation (NYSE:XOM) announced today the completion of testing at the Kashagan West-1 well by the North Caspian Sea consortium.
An oil-bearing interval in the Paleozoic Carbonates below 13,800 feet (4250 meters) was tested. The test section flowed at a rate of up to 3,300 barrels (540 cubic meters) of oil per day and 7.5 million cubic feet (215,000 cubic meters) of gas per day on a 32/64" choke. Oil gravity at the well site ranged between 42 and 45 degrees API.
Kashagan West-1 is the second exploration well to be drilled in the Kashagan structure and is located over 25 miles (40 kilometers) away from the first well in the North Caspian Sea. The first well, Kashagan East-1, was completed and a world class discovery announced in July 2000.
Following the completion of the Kashagan West-1 well, the Sunkar drilling rig will return to Kashagan East to commence an appraisal drilling program.
ExxonMobil holds a 14.3 percent interest in the North Caspian PSA that covers almost 1.4 million gross acres in Kazakhstan's sector of the Caspian Sea. Other members of the Consortium include subsidiaries of ENI (operator), BG, BP, Inpex, Phillips Petroleum, Shell, Statoil and TotalFinaElf. |
