| Receipt of interpretation results of logs performed in the Shyrak 1 well |
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| Own release | |
| 16.08.2011 | |
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The Management Board of PETROLINVEST S.A. (the “Company”) announces that on 16 August 2011, the Company was informed that TOO OilTechnoGroup, a Kazakh law company controlled by the Company (“OTG”), received from SCHLUMBERGER LOGELCO INC. interpretation results of logs performed in the Shyrak 1 well. Logs were performed on the drilled-through sub-salt layers, from the depth of 5,337 m to 6,552 m, i.e. to the total depth of the well as at the day of performing the logs.
The total depth of Shyrak 1 well, established based on the results of the performed logs, i.e. 6,597.1 m, was reached. Further deepening of the well is not planned and a possible slight change of the depth may be connected with works which will be carried out in order to prepare the well for casing a 7-inch diameter column. All reservoir horizons selected to be tested coincide with the zones during the drilling of which high gas readings in the drilling mud or gas flow to the well were observed. The interpretation results of performed logs confirm the hydrocarbon saturation of the entire profile of sub-salt rocks that was observed during the drilling. The porosity of reservoir rocks reaches 12% which should be considered a high value, considering that the rocks are located at a great depth. Moreover, on the basis of the interpretation of the log results it was not determined that the reservoir rocks, besides the hydrocarbons, were saturated with movable reservoir water. This fact is of positive significance both for the well testing process and the production of hydrocarbons from the field. It should also be noted that the reservoir properties of rocks and their saturation estimated on the basis of log results are congruent with the results obtained in the lab during the examination of the collected cores. The logs confirmed that the permeability of reservoir rocks and the gas shows found during the drilling are closely connected with fractures. Both the observed density of fractures and the fact that most fractures are open make the occurrence of a flow of hydrocarbons during testing very likely. The size of the flow as well as the type of hydrocarbons will be determined based on the well testing results. Based on the composition of the gas obtained during the drilling, researchers plan to determine a flow of gas and gas with condensate. |




