Max Petroleum suffers drilling issues
Max Petroleum, an oil and gas exploration and production company focused on Kazakhstan, has reported that the drilling tools became stuck at the NUR-1 pre-salt well at the Emba B prospect on Block E.
Max Petroleum, an oil and gas exploration and production company focused on Kazakhstan, has reported that the drilling tools became stuck at the NUR-1 pre-salt well at the Emba B prospect on Block E.
Operations are currently underway to retrieve them, the firm said.
Following this, the company will set intermediate casing and drill ahead as planned. Total depth of 7,250 metres is currently expected to be reached in early June 2012.
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The share price fell 4.26% to 11.25p.
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