In order to speed up the production development progress of the Tenge Oilfield and increase its output as soon as possible, on December 1^st, PETRO Oil and Gas Services Co., Ltd., a wholly-owned subsidiary of ZPEC Group, signed a turnkey drilling contract with TOG, the owner and operator of the Tenge Oilfield, marking the ushering in of a new round of exploration and production boom in Kazakhstan’s Tenge Oilfield.

This time, the signed drilling contract is for № 408 and № 415 production wells, which will be undertaken by ZPEC Rig 38 Team. The design well depth of these two wells is about 2,450 meters. After being put into production, it is expected that each well will increase oil production by 25 tons/day. ZJ40DBT electric variable-frequency trailer drilling rig, manufactured by ZPEC Kunlun Equipment Company, will be used for this drilling operation. At present, the drilling rig is being rectified and commissioned by ZPEC Rig 38 Team to meet the acceptance of Party A and relevant government agencies.

The Tenge Oil and Gas Field is located 8 kilometers south of Zhanaojin City, Mangistau Prefecture. According to the latest assessment report, the Tenge Oil and Gas Field has proven crude oil reserves of 64.414 million tons, of which economically recoverable reserves are 5.9528 million tons. There are about 25 large and medium-sized oil and gas fields around Tenge Oilfield, which is the most studied oil and gas area in Kazakhstan and has the most developed oil and gas production infrastructure.