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KazMunayGas Boosts International Cooperation in the Oil and Gas Industry

24.10.2024

KazMunayGas (KMG) CEO Askhat Khassenov took part in the 29th International Conference: Oil and Gas of Turkmenistan (OGT-2024).

The event, held from 23 to 25 October in Ashgabat, was attended by the Deputy Prime Minister of Turkmenistan, managers of BP, S&P Global Platts, CNPC, Dragon Oil, representatives of the United Nations, UNDP, the U.S. Department of Commerce, etc.

In his speech at the plenary session, A. Khassenov talked about the Kazakhstan hydrocarbons potential and invited the partners to joint exploration projects.

The KMG CEO also said that the objective is to improve the oil recovery factor at complex fields. Today, KMG is implementing new enhanced oil recovery methods and is open to proposals on experience sharing and oil recovery factor improvement technologies.

“We are actively developing the petrochemical industry. For this purpose, the country's government has created special conditions for investors. We invite international companies to jointly implement projects,” he emphasized.

Moreover, the KazMunayGas CEO said that the Kazakh oilfield service is well experienced in developing complex fields. Today, KMG Drilling & Services (a KMG subsidiary) cooperates with the leading international drilling companies such as Nabors Industries and Parker Wellbore.

It should be noted that earlier KMG DS signed a Caspian Turkmen Sector Drilling Service Contract with Dragon Oil. The Satti Kazakh offshore jackup drilling rig will be first used at the Cheleken field.

Given the oilfield service successful experience, the KMG CEO suggested KazMunayGas as a drilling, well workover and wire line operation partner.

In conclusion, Askhat Khassenov emphasized the importance of a constructive dialogue with all stakeholders and expressed willingness to exchange experiences and technologies.

Besides, on the sidelines of the forum, negotiations were held between the KMG CEO and the management of Turkmennebit, Turkmengas, Dragon oil and CNPC.


JSC NC KazMunayGas

KazMunayGas (KMG) CEO Askhat Khassenov took part in the 29th International Conference: Oil and Gas of Turkmenistan (OGT-2024).

The event, held from 23 to 25 October in Ashgabat, was attended by the Deputy Prime Minister of Turkmenistan, managers of BP, S&P Global Platts, CNPC, Dragon Oil, representatives of the United Nations, UNDP, the U.S. Department of Commerce, etc.

In his speech at the plenary session, A. Khassenov talked about the Kazakhstan hydrocarbons potential and invited the partners to joint exploration projects.

The KMG CEO also said that the objective is to improve the oil recovery factor at complex fields. Today, KMG is implementing new enhanced oil recovery methods and is open to proposals on experience sharing and oil recovery factor improvement technologies.

“We are actively developing the petrochemical industry. For this purpose, the country's government has created special conditions for investors. We invite international companies to jointly implement projects,” he emphasized.

Moreover, the KazMunayGas CEO said that the Kazakh oilfield service is well experienced in developing complex fields. Today, KMG Drilling & Services (a KMG subsidiary) cooperates with the leading international drilling companies such as Nabors Industries and Parker Wellbore.

It should be noted that earlier KMG DS signed a Caspian Turkmen Sector Drilling Service Contract with Dragon Oil. The Satti Kazakh offshore jackup drilling rig will be first used at the Cheleken field.

Given the oilfield service successful experience, the KMG CEO suggested KazMunayGas as a drilling, well workover and wire line operation partner.

In conclusion, Askhat Khassenov emphasized the importance of a constructive dialogue with all stakeholders and expressed willingness to exchange experiences and technologies.

Besides, on the sidelines of the forum, negotiations were held between the KMG CEO and the management of Turkmennebit, Turkmengas, Dragon oil and CNPC.


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