BP Set to Return to Kazakhstan After 11 Years
Under new plans, British multinational oil and gas giant BP will collaborate with state-owned KazMunayGas (KMG) company to explore for hydrocarbons in Central Asia’s wealthiest country. The companies have already picked some promising deposits, which are currently being examined. The Kazakh company, however, did not name any specific project, while BP has shown …
TATNEFT and KazMunayGas Signed a Cooperation Roadmap
TATNEFT Company and JSC “KazMunayGas” National Company” signed a “Roadmap” to ensure the implementation of the PJSC TATNEFT’s advanced experience in the oil and gas industry of the Republic of Kazakhstan. The document was signed during the visit of N.U. Maganov, General Director of TATNEFT to Nur-Sultan Republic of the …
Eni Receives Approval for the Abay Subsoil Use Right
The Kazakh Ministry of Energy, KazMunayGas and Eni signed a protocol of direct negotiations to grant the subsoil use right for exploration and production of hydrocarbons within joint operations on Abay, an offshore area in the Kazakhstani sector of the Caspian Sea. he Kazakh Ministry of Energy, KazMunayGas (KMG) and …
Azerbaijan Gets Jack-Up Rig for Caspian Sea Ops from Kazakhstan
Kazakhstan’s state-owned oil and gas company KazMunayGas (KMG) has delivered a jack-up drilling rig named Satti to Azerbaijan’s SOCAR for operations in Azerbaijan’s sector of the Caspian Sea. The Satti rig arrived in Baku on Wednesday, June 19. The welcoming ceremony was attended by Alik Aidarbayev, the Chairman of the Management Board …
Eni in Kazakhstan for All-Round Cooperation in Technological Upstream Ventures and Cultural Initiatives
Eni’s subsidiary Agip Caspian Sea B.V today has signed two Memorandum of Understanding (MoU) in Nur-Sultan, Kazakhstan. The agreements sanction the company’s commitment towards projects aimed at promoting technological cooperation in the oil and gas upstream exploration and production, as well as the unveiling of an initiative for the creation …
Lukoil concludes contract for hydrocarbon exploration and development on Zhenis Block in Kazakhstan
PJSC LUKOIL (“LUKOIL”), the Ministry of Energy of the Republic of Kazakhstan and JSC NC KazMunayGas (“KazMunayGas”) have concluded a contract for the exploration and development of hydrocarbons on the Zhenis block in the Kazakh Sector of the Caspian Sea. Zhenis Operating LLP (a fifty-fifty joint venture between LUKOIL and …
Kazakhstan and Russia will Resume the Kurmangazy Oil and Gas Project
After the two wells drilled on the Kurmangazy structure were dry, nothing was heard about this shelf project for a long time. But now Kazakhstan and Russia are planning to resume work, as the Minister of Energy for Kazakhstan, Kanat Bozumbayev announced today in Astana. “On contract exploration on Kurmangazy …
LUKOIL and KazMunayGas Conclude Agreement on Caspian Project
President of LUKOIL Vagit Alekperov and Chairman of the Management Board of the National Company KazMunayGas Sauat Mynbayev signed a Principles Agreement on Zhenis license area, in Astana today. According to the agreement, the parties will establish a consortium upon completion of relevant procedures, required for the agreement to enter …
Eni: Acquires 50% of the Isatay Block in Kazakhstan
The Ministry of Energy of the Republic of Kazakhstan, Eni and KazMunayGas (KMG) signed yesterday the agreement to transfer to Eni 50% of the subsoil use rights of the Isatay block, located in the Caspian Sea, for exploration and production of hydrocarbons. The block is estimated to have significant potential for …
Gazprom and KazMunayGas ink Roadmap to create gas processing JV
Valery Golubev, Deputy Chairman of the Gazprom Management Committee, and Oryn Muratuly Sultanov, Senior Vice President for Major Non-Operating Assets and Offshore Projects of KazMunayGas, today signed a Roadmap at the 7th St. Petersburg International Gas Forum. The document is aimed at setting up a joint Russian-Kazakhstani venture. According to the Roadmap, the parties will create a working group and …