Caspian Sunrise is a Kazakhstan based oil and gas exploration and production company established in October 2006 and listed on the Alternative Investment Market of the London Stock Exchange in May 2007
Caspian Sunrise’s current principal interest is in the BNG Conract Area in the Pre Caspian basin in Western Kazakhstan. Additionally, Caspian has interest in the Munaily and Beibars Contract Areas.
This section of the website contains information on Caspian’s financial and operational performance, providing up-to-date information of value to an analyst, shareholder or potential investor.
Oil and gas exploration and production is a long-term activity requiring effective environmental stewardship. We have operated in Kazakhstan now for more than 15 years and have only been able to do so by complying with applicable environmental standards.
The BNG Contract Area is in the west of Kazakhstan 40 kilometers southeast of Tengiz on the edge of the Mangistau Oblast, covering an area of 1,561 square kilometers of which 1,376 square kilometers has 3D seismic coverage acquired in 2009 and 2010. We became operators at BNG in 2011, since when we have identified and developed both shallow and deep structures.
There are two confirmed and producing shallow structures at BNG.
The first wells were drilled on the MJF structure in 2016, since when it has produced more than 2 million barrels. We have embarked on a programme of redrilling the older wells using horizontal drilling techniques to increase production.
The first wells were drilled on the South Yelemes structure during the Soviet era, with test production commencing in 1994.
Well 54 was intermittently active between periods of being shut in to allow pressure to be restored. Since 2010 it has produced more than 400,000 barrels.
In December 2021, approval was received to move South Yelemes to full production structure under which most of the oil produced can be sold at international rather than domestic prices.
We have identified two deep structures at the BNG Contract Area. The first is the Airshagyl structure, which extends to 58 km2. The second is the Yelemes Deep structure which extends over an area of 36 km2.
Three deep wells have been drilled on the Airshagyl structure, A5, A6 & A8 and a fourth A7 was spudded in December 2021 and paused in April 2022 at a depth of 2,150 meters.
Deep Well 801 was drilled in 2014 / 2015 to a depth of 5,050 meters.
We expect to spud Deep Well 802 in June 2022, with a planned Total Depth of 5,300 meters. This will be the final deep well required under the BNG work programme.
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