The company said that the contract secures the use of the 3,000hp rig to drill a minimum of two deep wells in the company’s Blocks A&E license area.
The company plans to commence drilling the NUR-1 well on the Emba B prospect in Block E during August 2011, targeting unrisked mean resource potential of 467 million barrels of oil equivalent (mmboe) distributed over a probable range (P90 to P10) of 170 million to 817 million mmboe with a 29% geological chance of success.
Max Petroleum is an independent oil and gas exploration company with an initial focus in Kazakhstan.
