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    Tethys Petroleum's Kazakh Gas Production Doubles

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Summary

Central Asia and Caspian focused Tethys Petroleum Limited on Tuesday announced that the new phase of gas production is on stream in Kazakhstan and is producing at more than double previous production.

by: shardul

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Asia/Oceania

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Tethys Petroleum's Kazakh Gas Production Doubles

Central Asia and Caspian focused Tethys Petroleum Limited on Tuesday announced that the new phase of gas production is on stream in Kazakhstan and is producing at more than double previous production.

The 2015 programme officially commenced on January 1 and the gas is now flowing at a combined rate of 559 Mm3/d (19.7 Mscft/d) from 12 wells, a rate more than double the previous rate of 260 Mm3/d (9.1 Mscft/d) from a combination of existing wells along with some of those drilled and tested in 2014, the company said.

Tethys also plans to increase production later in second and quarter of 2015 with two more previously tested wells being brought online and with further optimisation of existing compression.

Last month, Tethys Petroleum’s 100 percent owned Kazakhstan subsidiary signed a gas sales contract for 2015 gas production, the company announced Wednesday.

The gas supply contract was signed between TethysAralGas LLP and KazTransGas (KTG), for the Kyzyloi and Akkulka natural gas fields. TethysAralGas LLP has signed a one-year gas supply contract for annual volumes up to 100 million cubic meters.

 

 

 

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