KazMunayGas Started Drilling at the Zhenis Offshore Block in the Caspian
KazMunayGas has started drilling at the Zhenis offshore block in the Caspian. “We started drilling, drilling is going on, we started it at the end of last year,” Magzum Mirzagaliyev, head of KazMunayGas, told Interfax-Kazakhstan. According to him, drilling began at the time that was planned. Earlier it was reported …
LUKOIL: To Invest $270 mln on Exploration in the Zhenis Block
Russia’s second largest oil company Lukoil plans to invest $270 million in exploration at the Zhenis licence area in the Kazakh part of the Caspian Sea, Lukoil’s president Vagit Alekperov said in Astana on Tuesday. Lukoil and Kazakh state oil company KMG signed an agreement in principle on Tuesday for …
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 …
Kazakhstan: A Market of Possibilities for Russian Oilfield Service Companies
In August, 2016 the Ministry of Energy of Kazakhstan shared its plans for abandonment of 126 offshore Caspian wells before 2019. And this is just the tip of the issue. The majority of the countries land wells are out-of-date and their rate of decline is accelerating. In Kazakhstan, it is …