Sequa Petroleum Receives Aksai Licence Extension

Source: www.gulfoilandgas.com 9/4/2015, Location: Asia

Sequa Petroleum has received confirmation from the Kazakh authorities that effective 17th July 2015 the Aksai subsoil use licence has been extended for a period of 3 years to continue the exploration and appraisal work programme.

The Aksai contract area surrounds the giant Karachaganak oil and gas field, which began production in 1984. Following completion of the acquisition in February 2014, Sequa Petroleum planned and drilled an exploration well in the Aksai contract area to fulfil the work programme obligations. This well is located 500m from the licence boundary of the Karachaganak field.


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