Tethys Petroleum Press Release

Executive Summary

• Oil production from wells KBD‑02, KBD‑06 and KBD‑07 averaged ~323 t/d in early 2026 and rebounded to 375 t/d after weather‑related disruptions.
• Natural gas output from the Kyzyloi and Akkulka fields is averaging about 222,000 m³/day across 20 wells.
• Drilling of ARD#1 (Kronos) in the Aral 4 block is slated to start early May 2026, with KBD‑5 planned for early August 2026.

Key Details

• Oil Production:
• Average 323 tons per day (2026 to date).
• After weather‑related shutdowns, production increased to 375 tons per day as of the latest report.
• Gas Production:
• Current average 222,000 m³ per day from 20 gas wells in the Kyzyloi and Akkulka fields.
• Regulatory Approvals:
• Gas utilization program for Kul Bas approved through end‑2026 by Ministry of Energy working group (Mar 12).
• Expert panel approved extension of the Akkulka Gas Contract and removed reinvestment obligation on incremental oil product price gains.
• Facility Upgrades:
• Central processing facility upgrade and storage capacity expansion is ~80% complete for the current construction phase.
• Drilling Schedule:
• ARD#1 (Kronos) – Aral 4 block, planned start early May 2026; target depth ≈3,000 m (+250 m).
• KBD‑5 – scheduled to commence early August 2026; target depth ≈2,500 m (±250 m).

Notable Quotes

No executive quotes were included in the release.