In 2015, Kazakhstan will be signed new contracts for subsoil use

It is expected that in 2015 in Kazakhstan will be signed new contracts for subsoil use. Told Trend in the Ministry of Energy of Kazakhstan. "In 2015, the Government of Kazakhstan adopted a resolution" On the contract for combined exploration and production in the areas of "Abai" and "Isatai", located in the Kazakh sector of the Caspian Sea "- the ministry said. Currently, the Department of Energy of Kazakhstan is considering a draft contract for subsoil use area "Isatai." The section of "Abai" draft contract to the Ministry did not noted in the department.
Block "Abai" is located in the Kazakh Caspian Sea, 60-70 km to the north-west coast of the peninsula Buzachi. The sea depth in the block is 8-10 meters. Geological reserves of hydrocarbons in Block "Abai" is estimated at 337 million tons of oil equivalent. Company "KazMunaiGas" and Norwegian "Statoil" in March 2011 signed an agreement on the principles of cooperation on the block "Abai". In this case, all the costs of the exploration stage "Statoil" was supposed to take over. In 2013, the company "Statoil" has notified the Ministry of Oil and Gas of Kazakhstan of its decision to withdraw from the project "Abai". Name of the new partner "KazMunaiGas" project has not yet been named.
In April 2014 the Indian "ONGC Videsh" reported that she was invited to join the project, but information on the acquisition of a stake in the project by this company yet. Plot "Isatai" located in the waters of the Kazakh sector of the Caspian Sea, 45 kilometers north of the coast of the peninsula Bozashi. Water depth at the site "Isatai" is four to eight meters. In June 2014 "KazMunaiGas" and Italy's ENI signed an agreement to implement the project.
According to the materials Trend
April 21, 2015