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KMG and CNOOC discuss matters of cooperation in upstream

18.01.2024

On 16 January 2024, Magzum Mirzagaliyev, Chair of the Management Board of NC KazMunayGas JSC (KMG), held a meeting with Liu Yongjie, Chair of CNOOC International Limited, in Astana.

The parties discussed further steps for cooperation between the companies in the field of exploration, production and petrochemicals in Kazakhstan.

It is worth noting that, from the Chinese side, KMG was visited by a large delegation of CNOOC representatives led by the top decision-maker, Chairman of CNOOC International Limited Liu Yongjie, to discuss further implementation of projects within the framework of bilateral cooperation.

 ‘KMG fully supports further strengthening of mutually beneficial cooperation, and this is confirmed by the signed Memorandum of Understanding with CNOOC. We believe that this document will serve as a driver for further cooperation and joint discovery of new hydrocarbon deposits’, M. Mirzagaliyev, Chairman of KMG's Management Board, noted.

Earlier, on 16 October 2023, the Memorandum of Understanding was signed in Beijing between NC KazMunayGas JSC (KMG) and China National Offshore Oil Corporation (CNOOC), which memorandum provides for conducting joint geological research on the promising exploration projects, considering the possibility of cooperation within the production fields and in the services for the oil and gas sector.

Last year, KMG presented a number of promising offshore and onshore projects to CNOOC. These include geological exploration projects and a regional project for the Caspian sedimentary basin. CNOOC specialists have been given access to a virtual data room in order to assess the prospects of exploration areas and make an investment decision on geological exploration.

For reference use:

China National Offshore Oil Corporation (CNOOC) specializes in the offshore segment (exploration and production), and is one of the world's leading private oil and gas businesses. It has been listed on the Hong Kong Stock Exchange  (HKSE) since 2001. The company's assets are spread over more than 20 countries on 4 continents.

JSC NC KazMunayGas

On 16 January 2024, Magzum Mirzagaliyev, Chair of the Management Board of NC KazMunayGas JSC (KMG), held a meeting with Liu Yongjie, Chair of CNOOC International Limited, in Astana.

The parties discussed further steps for cooperation between the companies in the field of exploration, production and petrochemicals in Kazakhstan.

It is worth noting that, from the Chinese side, KMG was visited by a large delegation of CNOOC representatives led by the top decision-maker, Chairman of CNOOC International Limited Liu Yongjie, to discuss further implementation of projects within the framework of bilateral cooperation.

 ‘KMG fully supports further strengthening of mutually beneficial cooperation, and this is confirmed by the signed Memorandum of Understanding with CNOOC. We believe that this document will serve as a driver for further cooperation and joint discovery of new hydrocarbon deposits’, M. Mirzagaliyev, Chairman of KMG's Management Board, noted.

Earlier, on 16 October 2023, the Memorandum of Understanding was signed in Beijing between NC KazMunayGas JSC (KMG) and China National Offshore Oil Corporation (CNOOC), which memorandum provides for conducting joint geological research on the promising exploration projects, considering the possibility of cooperation within the production fields and in the services for the oil and gas sector.

Last year, KMG presented a number of promising offshore and onshore projects to CNOOC. These include geological exploration projects and a regional project for the Caspian sedimentary basin. CNOOC specialists have been given access to a virtual data room in order to assess the prospects of exploration areas and make an investment decision on geological exploration.

For reference use:

China National Offshore Oil Corporation (CNOOC) specializes in the offshore segment (exploration and production), and is one of the world's leading private oil and gas businesses. It has been listed on the Hong Kong Stock Exchange  (HKSE) since 2001. The company's assets are spread over more than 20 countries on 4 continents.
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