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Zhaikmunai LP confirmed production rates of 945 barrels of crude oil per day (b/d) from its Well #116, in the northeastern part of the Chinarevskoye field, Kazakhstan, meeting management's expectations.
The well had initial production rates of 945 b/d for crude oil and 65,000 cu m of gas per day, at an average wellhead pressure of 21 bars and at choke size of 26-mm.
The well was drilled as a deviated directional oil production well for the Tournaisian reservoirs using the same technology as in side-tracked Well #24.
The production rates were obtained after a two-step perforation and treatment of relatively low permeability reservoir intervals, which were followed by the higher permeable intervals.
Kai-Uwe Kessel, chief executive officer of Zhaikmunai, commented, "Both Well #116 and recently completed Well #24 have confirmed Zhaikmunai's new side-tracking and well stimulation technology. Initial crude oil production rates for these two wells taken together have exceeded our expectations and have resulted in an increase of total crude oil production to a level of 7,400 b/d. This brings Zhaikmunai closer to reaching its target production of 8,000 b/d for crude oil, which we are confident to reach shortly following the scheduled tie-in of a further crude oil well."