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Abai Project

Centralization of all production information of the KMG group in a single database on the Big Data platform, as well as its processing and analysis using artificial intelligence and machine learning.

Abai Project
Location
Mangystau region, Atyrau region, Aktobe region, Kyzylorda region
Terms of implementation
Participants
NC KazMunayGas JSC (50%), Eni, Italy (50%)
Current status
Drilling of exploratory well No. 1 with a 2500m target depth is planned in 2024 in the Abai Project.
Key indicators
  • 65
    Forecast recoverable oil reserves are about 65 MMt
  • 235
    The cost of geologic exploration works is, million USA

Abai Project

The Abai Offshore Exploration Project is implemented jointly with the strategic Partner Eni under KMG strategy. It is delivered under Abai Hydrocarbons (Kazakh sector of the Caspian Sea) Exploration and Production Contract No. 4752-УВС-МЭ dd 26 Jul 2019. Geologic exploration stage is financed from the funds of the strategic partner (carry financing). The functions of the Project Operator are performed by Isatai Operating Company LLP.

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