The Ministry of Energy of Kazakhstan has jointly signed an oil and gas exploration and development contract worth 3.5 billion tenge with QazaqGaz and a Chinese enterprise.
According to Kazinform, the Ministry of Energy of Kazakhstan recently signed a contract totaling 3.5 billion tenge for oil and gas exploration and development, located in the "North-1" mining area of Aktobe Region.
As per information from the Ministry of Energy, the contract was jointly signed by Yerlan Akbarov, Deputy Minister of Energy of Kazakhstan, Aslzhan Dawletov, Vice Chairman of the Board of Directors of QazaqGaz Company, and Zhu Shtao, General Manager of CNPC Aktobe Oil Company ("CNPC-Aktobemunaygaz").
Under the terms of the contract, two-dimensional and three-dimensional seismic exploration operations will be carried out, along with independent and subordinate exploration well drilling. The total investment for geological exploration is expected to reach 3.5 billion tenge.
The Ministry of Energy stated that the signing of this contract creates conditions for systematic geological exploration work. The relevant blocks show high potential for discovering new oil and gas reserves. At the same time, the project reflects the steady advancement of economic cooperation between the two countries and demonstrates both sides' shared willingness to further deepen and expand bilateral collaboration.
Previously, it was reported that the Ministry of Energy would also conduct exploration activities in the "Zhanatulmes" block in Aktobe Region with Shell. Additionally, Kazakhstan plans to add 25 new geological exploration blocks in the natural gas sector.
Original article: toutiao.com/article/1862601336998025/
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