Eni: New Hydrocarbons Discovery In The Kalamkas Structure in The Caspian Sea

abarrelfullabarrelfull wrote on 01 Mar 2012 07:13

October 10, 2002

Eni, sole operator of the North Caspian Sea PSA, through Agip KCO, announces the successful completion of the first exploration well in the Kalamkas structure.

The well, called Kalamkas-1 and located in the Kazakhstan sector of the Caspian Sea, sits within the Kalamkas exploration area, adjacent to the Kashagan field that was declared a commercial discovery on June 30 of this year.

Kalamkas-1 well is part of the commitment signed with the North Caspian Sea PSA (Production Sharing Agreement) and it was drilled by Agip KCO as sole operator to a total depth of 2360 metres. Testing has indicated an initial oil flow rate of 2,300 barrels of oil per day.

Drilling in very shallow and extremely environmentally sensitive waters required high capabilities and advanced skills. Kalamkas-1 is the first well drilled in Kazakh waters using the jack-up rig Qurtulus. It has been floated into Kazakh waters from Baku where it will return by the first half of October. Agip KCO is continuing the exploration of other offshore structures within the area covered by the North Caspian Sea PSA.

The discovery of hydrocarbons in the Kalamkas structure follows the one in Kashagan, the most important one in the past thirty years and confirms the high potential of the Caspian Region, considered the new frontier of the oil industry. In this region Eni is one of the most important player: it is sole operator for the whole North Caspian Sea PSA, which includes Kashagan and Kalamkas, it is co-operator of the Karachaganak field.

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