KazMunayGas is Implementing New Technologies to Increase Average Daily Production Rate at Mature Fields
KazMunayGas (KMG) discussed the implementation of measures of the roadmaps for technological challenges at the company’s fields. This was reported by the KMG press service on June 30, 2024. Hard-to-recover reserves The main difficulties at KMG’s mature fields are associated with the development of hard-to-recover reserves (HTR). The roadmap of …
KazMunayGas Is Preparing for the Full-Scale Development of the Central and East Urikhtau Deposits
The Chairman of the Board of KazMunayGas (KMG) A. Khasenov during a working trip on June 21, 2024 visited the production facilities of Urikhtau Operating, Kazakhoil Aktobe LLP and Kazakhturkmunay in the Aktobe region. This was reported by the press service of the company. Currently, KMG is preparing the concept …
Kazakhstan to Launch Large-Scale Offshore Project
In 2026, construction of offshore platforms will begin for the joint venture of KazMunayGas and LUKOIL. In Kazakhstan, development of the Kalamkas-Sea and Khazar offshore oil and gas fields is beginning. The project is planned to attract more than $6 billion in direct investment. Up to 2,000 new jobs will …
Kassym-Jomart Tokayev Instructed to Attract Large Investors to Geological Exploration in Kazakhstan
The President of the Republic also drew special attention to the need for uninterrupted operation of the refinery. President of Kazakhstan Kassym-Jomart Tokayev, during a meeting with the head of the Kazakh national company Kazmunaygas (KMG) Askhat Khasenov, gave instructions to attract large investors into geological exploration and the petrochemical …
Magzum Mirzagaliev Left the Post of Chairman of the Board of KazMunayGas
Magzum Mirzagaliev left the post of Chairman of the Board of JSC NC KazMunayGas, Askhat Khasenov was appointed acting in this position until the extraordinary general meeting of shareholders, reports the press service of the Samruk-Kazyna Fund. Askhat Khasenov was born in 1983. He graduated from the Kazakh National Technical …
KazMunayGas Allocated More Than 60 Billion Tenge for the Rehabilitation Project for the Uzen and Karamandybas Fields
The Chairman of the Board of KazMunayGas (KMG) M. Mirzagaliev held a meeting on the project for the rehabilitation of the Uzen and Karamandybas fields. Project budget for 2023-2024 amounted to 68 billion tenge (about 154 million US dollars). This was reported by the KMG press service. Participating in the meeting …
KazMunayGas Will Drill 3 Exploration Wells in 2024
The Chairman of the Board of KazMunayGas (KMG) M. Mirzagaliev took part in an international scientific and practical conference dedicated to the oil and gas future of the Mangystau region, where he spoke about the prospects for the development of geological exploration and the company’s plans in this area. This …
Astana and Tatneft May Begin Oil Production Near Tengiz in 2028
KazMunayGas and Tatneft have approved a plan for geological exploration at the Karaton Podsolevoye field next to the Tengiz field, and plan to begin production there by 2028 KazMunayGas plans to begin oil and gas production at the Karaton Podsolevoy site in Kazakhstan, jointly with Tatneft, in 2028. A plan …
The Cost of LUKOIL’s Purchase of 50% in Kalamkas-Khazar Operating LLP Amounted to $200 Million
PJSC LUKOIL, which last year acquired 50% of Kalamkas-Khazar Operating LLP (KCO), paid $200 million for this share, according to the annual report of KazMunayGas (KMG). “On February 9, 2023, the company and PJSC LUKOIL signed a purchase and sale agreement for a 50% share in the authorized capital of …
Tengiz Expansion Project is Planned to be Completed at the End of 2024 – Head of the Ministry of Energy of Kazakhstan
Work on the implementation of the Future Expansion and Wellhead Pressure Management Project (FGP-WPMP) at the Tengiz field is progressing behind schedule and is scheduled for completion at the end of 2024, said Kazakhstan’s Energy Minister Almassadam Satkaliyev. “The reasons why there was a delay in the implementation of the …