Kazakhstan: To Develop the Caspian Depression
Kazakhstan plans to form a consortium with global energy companies to explore and develop potentially huge hydrocarbon reserves in the Caspian Depression, Energy Minister Vladimir Shkolnik said on Monday. Central Asia’s largest economy and the second-largest post-Soviet oil producer after Russia, Kazakhstan for several years has touted the “Eurasia” project, …
Kazakhstan and Turkmenistan Agree Caspian Maritime Border
Kazakhstan and Turkmenistan have agreed to their maritime border in the Caspian Sea despite the continued lack of agreement on the legal status of the Caspian among its five littoral states. Both Kazakh and Turkmen media reported on May 26 that Turkmenistan’s parliament ratified an agreement with Kazakhstan that dated …
Drillmec Drilling Conference, AHEAD & HoD, Astana, Kazakhstan, April 2015
In-line with its rapidly increasing regional presence and portfolio in the Caspian region, Drillmec SPA was proud to host the recent and very successful “Drillmec Drilling Technology Conference”, held in Astana on April 16th The conference, organized and executed by Drillmec SPA, headed by Paolo Manzato, CFO and Diego Ferrandes, …
CGG and Air Control Announce Partnership for Airborne Geophysical Survey Services in Kazakhstan
CGG and Air Control announced today the signing of an agreement to provide airborne geophysical survey services in Kazakhstan. This agreement will allow Air Control to offer the full suite of CGG airborne geophysical technologies for subsurface exploration to oil & gas and mining clients in Kazakhstan. Air Control performs …
EIA: Kazakhstan Report
Kazakhstan, an oil producer since 1911, has the second-largest oil reserves as well as the second-largest oil production among the former Soviet republics after Russia. Kazakhstan is a major oil producer. The country’s estimated total petroleum and other liquids production was 1.70 million barrels per day (bbl/d) in 2014. The …
Kashagan Restart Slips to Optimistic Summer of 2016
Kazakhstan’s giant Kashagan oilfield may resume production in the first half of 2016 under an “optimistic scenario”, Kazakh Oil and Gas Minister Uzakbai Karabalin said on Wednesday, putting off his earlier estimate of the restart date. Production from the oil deposit in the Caspian Sea, one of the world’s biggest …
Gazprom Considering Extension of Gas Supplies From Kazakhstan
Astana hosted today a working meeting between Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee and Uzakbai Karabalin, Minister of Oil and Gas of the Republic of Kazakhstan. The parties discussed further cooperation in the gas sector and, in particular, the extension of the long-term agreement till 2038 – on purchase and sale of gas produced from the Karachaganakskoye gas and …
Roxi Petroleum: License Extension at Galaz and Could be Converted to a Full Production License in the Future
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to update the market with news of a licence extension and of operational progress at its Galaz asset. Galaz The Galaz block is located in the Kyzylorda Oblast in central Kazakhstan. The Contract Area was extended on …
The Government of Kazakhstan reduces mineral extraction tax rate for Karazhanbasmunai
JSC КаzМunaiGas Exploration Production (“КМG EP” or the “Company”) is pleased to announce that the Kazakh Government has included the Karazhanbas oil and gas field (in the Tupkaragan District, Mangystau Province) in the list of marginal, hydrocarbon, high-viscosity, water-flooded and depleted fields. It has been included in this category retrospectively, …
Tethys Petroleum Limited: Third Successful Gas Well in Kazakhstan
Tethys Petroleum Limited CA:TPL -1.96% UK:TPL +6.48% , the oil and gas exploration and production company focused on Central Asia and the Caspian Region, is pleased to announce the success of Well AKK19, the third shallow gas exploration well of its 2014 programme. Analysis of data from the well indicates it has a pay …