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 …
Investments in Project of LUKOIL and KMG in Caspian Sea Could Amount to $6.5 Billion
Deputy Chairman of the Board of KazMunayGas Kuanysh Kudaibergenov clarified that KMG’s share in the project is 50% The volume of investments in the project of the national oil and gas company of Kazakhstan Kamunaigaz (KMG) and the Russian Lukoil Kalamkas – Khazar Operating may amount to about $6.5 billion. …
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 …
KazMunayGas and SOCAR Will Consider Projects Related to Geological Exploration in Kazakhstan
KazMunayGas JSC invited SOCAR, the state oil company of Azerbaijan, to consider projects related to geological exploration in Kazakhstan. Chairman of the Board of KazMunayGas JSC Magzum Mirzagaliev spoke about this during his visit to Baku, Kazinform agency reports with reference to Trend. — KazMunayGas wants the relationship with SOCAR …
Eni will drill near Kazakhstan’s Kashagan in the Caspian Sea
The Italians, together with KMG, will conduct exploration near Kashagan, the largest offshore field in Kazakhstan. Italian Eni will drill an exploration well in the Abay block in the Kazakh sector of the Caspian Sea. The company announced its intentions to conduct geological exploration work in the shallow waters of …
KMG, Sinopec and MOL will Begin Developing a Gas Field in Kazakhstan by 2024
The estimated production volume will be about 1 billion cubic meters. m per year, explained the head of Kazmunaigas Magzum Mirzagaliev The Kazakh oil and gas company Kazmunaigas (KMG), the Chinese Sinopec and the Hungarian MOL plan to begin developing the Rozhkovskoye gas field in western Kazakhstan by the end …
KazMunayGas Increased Oil and Condensate Production in the First Half of the Year
The National Oil and Gas Company of Kazakhstan Kazmunaigas (KMG) produced 11.86 million tons of oil and gas condensate in six months of 2023, which is 10.1% more than in the first half of 2022, the company’s press service reported. “The volume of oil and gas condensate production by KMG …
The General Director – Chairman of the Management Board of KMG Engineering LLP Was Appointed
Starting from February 1 of this year, in accordance with the decision of the Sole Participant of KMG Engineering, represented by the Management Board of KazMunayGas NC JSC, Malik Salimgereyev, the First Former Deputy General Director for Production of KMGE, has become the Head of the Company. Malik Zhanabayevich has …