Tethys' Dero well reaches total depth of 2,566m, shows hyrdocarbon potential
Central Asia-focused Tethys Petroleum (TSE:TPL) said Monday that its Dero well in Kazakhstan, located to the east of the company's AKD01 Doris oil discovery, has now reached a total depth of 2,566 metres.
The Dero well was designed to ascertain the potential in the Upper Jurassic carbonate zone and the edge of the Lower Cretaceous sandstone in this area, with data showing indications of hydrocarbons in both zones.
Preparations are currently being made to run casing, which will be followed by an appropriate testing programme after the receipt of approvals from the local government.
Meanwhile, the AKD05 Doris appraisal well is drilling ahead, with it on target to reach a total depth of 2,500 metres by the end of the month.
The company said that further analysis of the recently-acquired 3D seismic data will be used to plan future appraisal well locations in the Doris area.
Lastly, testing of the AKD03 Dione exploration well continues after the successful test of a new sandstone zone in the Upper Jurassic, which flowed dry oil at over 400 barrels per day. The well is expected to reach total depth in July.
Tethys is focused on oil and gas exploration and production activities in the Republics of Tajikistan, Kazakhstan and Uzbekistan.
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