Central Asia-focused Tethys Petroleum (TSX: TPL) said Monday it has received state-approved oil reserves for its Doris oil discovery in Kazakhstan, a step forward in the company's planned pilot production project for the site.
The project is currently under consideration by the Ministry of Oil and Gas and the company expects to receive approval by year-end.
At the company's operations in Kazakhstan, Dodone well preparations are underway for the testing and acidisation of the Upper Jurassic carbonate interval, which will be carried out in conjunction with acidisation of the same interval in the Doris Northwest well, the company said. Testing operations are expected to begin within the next week, with initial results available in November.
The Dione exploration well is currently drilling ahead at a depth of 3,304 metres, and is planned to penetrate the Triassic sequence and reach total depth of some 4,300 metres in the Permo-Carboniferous by mid-November.
In addition, acquisition of the initially planned 290.3 km2 of 3D seismic has now been completed, and the survey has been extended westwards to include the area around the Dodone prospect.
Tethys is focused on oil and gas exploration and production activities in the Republics of Kazakhstan, Tajikistan and Uzbekistan.
In Kazakhstan, Tethys' acreage is located in the northern part of the Ustyurt basin, a triangular shaped geological basin which lies just to the west of the Aral Sea, and with its deepest parts being just south of the company's acreage.