Tuesday, December 18, 2018

Lukoil, KazMunayGas Partner in the Caspian

December 4, 2018

(Photo: Lukoil)
(Photo: Lukoil)

Lukoil and KazMunayGas have agreed to collaborate to develop the Zhenis project in the Kazakhstan's sector of the Caspian Sea.

President of PJSC LUKOIL, Vagit Alekperov, and Chairman of the Management Board of JSC NC KazMunayGas, Alik Aidarbayev, signed agreements Tuesday for joint cooperation and financing of the project. The documents set the terms to develop the Zhenis block, located 80 kilometers from shore in the southern part of the Kazakhstan’s sector of the Caspian Sea.

The partners will next negotiate with Kazakhstan authorities to qualify for the exploration and production at the block.

LUKOIL has been operating in Kazakhstan since 1995 and is currently involved in the development of Tengiz, Karachaganak and Kumkol fields, is also a party to the joint venture to develop Tsentralnoye field in the Caspian Sea and is a member of the Caspian Pipeline Consortium.

Current News

Saipem Nearing Deal for Russian LNG Work

Saipem Nearing Deal for Russian LNG Work

Rowan Scores Guyana Contract

CNOOC Plans Exploration Spending Boost

CNOOC Plans Exploration Spending Boost

DNO Buys More Faroe Shares

DNO Buys More Faroe Shares

Tech, New Finance Model Trimming Drill Risk

Tech, New Finance Model Trimming Drill Risk

Indonesia Approves Eni’s Merakes Project

Indonesia Approves Eni’s Merakes Project

Triton Knoll Announces Decommissioning

Triton Knoll Announces Decommissioning

Subscribe for OE Digital E‑News

OE Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week