Lukoil joins forces with KazMunayGas for Caspian Sea project

Source: Lukoil

Russian energy giant Lukoil and Kazakhstan’s state-owned oil and gas company KazMunayGas have established a consortium on the Zhenis project in the Caspian Sea. 

President of Lukoil Vagit Alekperov and chairman of the management board of KazMunayGas Alik Aidarbayev signed agreements on joint cooperation and financing of the Zhenis project in the Kazakhstan’s sector of the Caspian Sea, Lukoil said on Tuesday.

The documents set the terms of the block’s development. The next step will be the negotiations with the competent authority of Kazakhstan to qualify for the exploration and production at the block.

“The new Caspian project is an important milestone in terms of expanding of the company’s resource base in the strategically important region, where the company has already gained significant competencies,” Lukoil stated.

Zhenis block is located in the southern part of the Kazakhstan’s sector of the Caspian Sea. The distance from the shore is 80 kilometers and the nearest sea port is Aktau.

In Kazakhstan, Lukoil is involved in the development of Tengiz, Karachaganak and Kumkol fields, and is also a party to the joint venture to develop Tsentralnoye field in the Caspian Sea and a member of the Caspian Pipeline Consortium.

Share this article

Follow Offshore Energy Today

Events>

<< May 2019 >>
MTWTFSS
29 30 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

08th OIL & GAS AFRICA 2019 CONFERENCE

OIL & GAS AFRICA is one of the most prime regional & international Oil and Gas conferences in East Africa…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

OWI WA 2019

West Africa’s only dedicated Offshore Well Intervention Conference is returning for its second year…

read more >

OIL & GAS PHILIPPINES 2019

Oil & Gas Philippines event display products like Oil & gas, fire protection systems and materials…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply