Oil and Gas Information Agency
about you, about us,
about oil, about gas

LUKOIL concludes contract for hydrocarbon exploration and developmet on Zhenis block in Kazakhstan

April 04/ 09:29

Moscow. PJSC 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 KazMunayGas) will be operator of the project.

In accordance with the concluded contract main minimal obligations include drilling of one exploration well and a 3D seismic survey.

​The new project in the Caspian Sea is an important step in expanding the resource base in the region which has a strategic importance for the Company and where it has accumulated considerable expertise. 

Views 164
You may leave a comment: