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Marine geological exploration projects

Marine geological exploration projects
Location
Terms of implementation
Participants
Abay project: KazMunayGas (50%), Eni (50%) Zhenis project: KazMunayGas (50%), Lukoil (50%) Al-Farabi project: KazMunayGas (50.01%), Lukoil (49.99%)
Current status
geological exploration work
Key indicators
  • 209
    Total forecasted recoverable resources are about 209 million tons of oil
  • 571
    The total cost of geological exploration works is about 571 million US dollars.
  • 100
    new jobs during the exploration period
Projects Abay, Zhenis, Al-Farabi:

As part of the KMG strategy, a number of marine projects are implemented jointly with foreign strategic partners on the terms of exploration period financing at the expense of the Partner.  

Geological exploration works are being carried out in the Abay, Zhenis, and Al-Farabi projects.

In December 2022, drilling of the first exploration well began at the Zhenis field.

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