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2023
Begin Pilot Production at Lebyazhye from Triassic F15 sands
2022-2023
Lucent Petroleum is currently seeking approvals from the Republic of Kazakhstan to move from an Exploration to a Production license.If granted, investment in the next 5 years could match or exceed the ~$160 million USD that was spent on Exploration over the last 15 years.
New sidetrack well; Bakhyt-1 ST drilled on Bakhyt structure
- Gas Condensate Discovery in Triassic T-II tested up to 5.5 mmscfd and 250 bcpd
2022
Acquisition of Kaz Drill Solution LLP (KDS) Block
Acquisition of new 289 km2 3D seismic over Munaibai-Bakhyt
Expansion of Lucent contract area by 461 km2 to allow appraisal of the complete Munaibai-Discovery
2017-2022
Exploration Phase II: Data acquisition and interpretation over eastern Munaibai-Bakhyt area
Relinquishment of 132 km2 area of Lucent Block
New well LP-3 drilled on Munaibai Structure
- Gas Condensate Discovery in Permian Carbonates tested up to 8.7 mmscfd and 300 bcpd
- Oil Discovery in Triassic T-III Sandstones 24o API, over-pressured, ~100 m of net pay
2017
2014-2017
Re-evaluation of block prospectivity and partial acreage relinquishment
Period of low in global oil prices combined with results of Exploration Phase I resulted in need to shift work focus to eastern part of Lucent Block (Munaibai-Bakhyt)
2014
Oil test on Lebyazhye structure from F15 Triassic sands
Gas condensate test on Lebyazhye structure from F12 Triassic sands
2008-2014
Exploration Phase I: Data acquisition and interpretation over western Yuzhnaya-Lebyazhye area
Two exploration wells drilled at Yuzhnaya & South Prorva
Acquisition and processing of 500 line-km of 2D and 500 km2 of 3D Seismic over Yuzhnaya
Lucent Petroleum LLP Established
2008