Max Petroleum

Max Petroleum is an independent oil and gas exploration and production company focused on Kazakhstan. The Company is a public limited company incorporated in the United Kingdom and listed on AIM.

The Company holds a 100% interest in Blocks A&E Licence area covering over 12,455 km2 in the highly prolific Pre-Caspian Basin in Western Kazakhstan. The Pre-Caspian Basin has produced some of the world’s largest oil and gas discoveries, including the super-giant Tengiz, Kashagan, Karachaganak and Astrakhan fields, which range in size from seven to 20 billion barrels of oil equivalent in recoverable reserves.

Max Petroleum’s strategy is to grow reserves significantly through exploration. The combination of the size of the Group’s acreage position - some 12,455 km2 in one of the most prolific petroleum basins in the world, as well as the existing transportation and production infrastructure makes Blocks A & E an exciting place to apply this exploration strategy.

Max Petroleum has acquired and interpreted approximately 5,000 km2 of exploratory 3D seismic data over Blocks A&E generating an exciting portfolio of both shallow, post-salt and deeper, pre-salt prospects and leads. The Company’s competent person, Ryder Scott Company, has estimated Blocks A & E’s risked mean resource potential at in excess of 1.1 billion barrels of oil equivalent.

Max Petroleum has successfully drilled 23 wells to date, resulting in two post-salt discoveries, the Zhana Makat Field in September 2006 and the Borkyldakty Field in February 2010. While Max Petroleum is principally focused on exploration activities, it also has existing production of approximately 2,100 barrels of oil per day from the Zhana Makat Field, which was discovered in September 2006 and was put on production in August 2007.

To execute the growth strategy successfully, the Group must combine its assets and extensive inventory of 3D seismic data with the appropriate team of people capable of unlocking their value. Over the last few years, the Group has assembled a highly motivated and experienced staff of 150 employees with expertise across all the relevant disciplines necessary to run an exploration and production company, including geology/geophysics, drilling, production, facilities, marketing, legal/regulatory, and finance/accounting. Over 90% of the Group’s employees are based in Kazakhstan, consisting of 128 local staff and eight expatriates, providing the Group with the capability to operate as effectively and efficiently as possible in the Republic of Kazakhstan.

Email info@maxpetroleum.com