The distance of the site’s centre to Bautino village is 40 km. The Product sharing agreement on «Tyub-Karagan» site was signed on 29.12.03. The sea depth in the zone of the site ranges from 7 to 10 meters.
The main oil and gas prospects in the region are connected with carbonate-terrigenous Jurassic—cretaceous, and probable trias deposits complex.
In order to implement Tyub-Karagan project by companies NC «KazMunaiGas» JSC and «Lukoil Overseas Shelf B.V.», they set up an operator – «Tyub Karagan Operating Company B.V.» with Partners’ equal share. The operator’s activity of Tyub-Karagan project is aimed at geological exploration on Tyub-Karagan site.
2004 saw seismic exploration totalling 675 km, in 2005 they drilled a well 2500 m deep. At present, they are implementing electric prospecting aimed at updating the geological model of the site.