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KazMunayGas and LUKOIL sign a joint study agreement

20.09.2019

On 20 September 2019 Alik Aidarbayev, Chairman of Management Board of JSC NC "KazMunayGas” (KMG), and Vagit Alekperov, President of PJSC LUKOIL (LUKOIL), signed an Agreement on joint study of areas on the territory of the Republic of Kazakhstan. The document was signed during V. Alekperov's visit to Almaty.

Both companies agreed on the principal terms of cooperation and expressed their willingness to take up joint geologic studies in order to assess the hydrocarbon potential of certain areas on the territory of the Republic of Kazakhstan.

“KazMunayGas and LUKOIL enjoy a mutually beneficial partner relationship. The agreement signed today is a next step in the development of our cooperation. I am confident that joined efforts and accumulated experience of both companies will foster effective collaboration when conducting joint studies and further sustainable development of Kazakhstan's oil and gas sector as a whole”, - A. Aidarbayev noted.

KMG and LUKOIL are strategic partners in major projects: Karachaganak, Tengiz, Kumkol, and in the “Caspian Pipeline Consortium” oil-transportation project. In April 2019 the Ministry of Energy of the Republic of Kazakhstan, KMG and LUKOIL signed the Zhenis offshore area hydrocarbons exploration and production contract. In June 2019 the Heads of Agreement on the I-P-2 project were signed.

JSC NC KazMunayGas

On 20 September 2019 Alik Aidarbayev, Chairman of Management Board of JSC NC "KazMunayGas” (KMG), and Vagit Alekperov, President of PJSC LUKOIL (LUKOIL), signed an Agreement on joint study of areas on the territory of the Republic of Kazakhstan. The document was signed during V. Alekperov's visit to Almaty.

Both companies agreed on the principal terms of cooperation and expressed their willingness to take up joint geologic studies in order to assess the hydrocarbon potential of certain areas on the territory of the Republic of Kazakhstan.

“KazMunayGas and LUKOIL enjoy a mutually beneficial partner relationship. The agreement signed today is a next step in the development of our cooperation. I am confident that joined efforts and accumulated experience of both companies will foster effective collaboration when conducting joint studies and further sustainable development of Kazakhstan's oil and gas sector as a whole”, - A. Aidarbayev noted.

KMG and LUKOIL are strategic partners in major projects: Karachaganak, Tengiz, Kumkol, and in the “Caspian Pipeline Consortium” oil-transportation project. In April 2019 the Ministry of Energy of the Republic of Kazakhstan, KMG and LUKOIL signed the Zhenis offshore area hydrocarbons exploration and production contract. In June 2019 the Heads of Agreement on the I-P-2 project were signed.

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