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Zarubezhneft, Belorusneft KazMunaiGas to co-operate

February 18 2013, 10:55

  A worker turns a valve at the first pump station on Belarus territory of the Druzhba pipeline, near the village of Bobovichi, about 330 kilometres southeast of Minsk A worker turns a valve at the first pump station on Belarus territory of the Druzhba pipeline, near the village of Bobovichi, about 330 kilometres southeast of MinskThree oil producers of the Customs Union have agreed on mutual co-operation within the framework of the project Soyuznefteotdacha. The project aims to ensure the scientific and production potential of the Russian Zarubezhneft, Belarusian Belorusneft and Kazakhstan KazMunaiGas to achieve the main goal of all the oil companies in the world - increasing oil production.

 The initiative to create the project Soyuznefteotdacha belongs to the Belarusian and Russian companies. Last spring, they invited KazMunaiGas to form a consortium within the Eurasian Union. Kazakh Company has given its consent, as the company sees only benefits from such co-operation.

“We have no doubt that we will get a positive effect by utilising scientific and industrial potential of experts from all three countries – Kazakhstan, Russia and Belarus to bring in advanced technologies,” said the Deputy Chairman of the Board of Directors on geology and advanced projects of JSC NC KazMunaiGas, Kurmangazy Iskaziyev.

According to him, given that the oil reserves in the developing fields in all three countries are dropping off, the issue of the application of the methods to enhance oil recovery is now very relevant.

"At the same time - this is an example of actual integration of oil companies within the SES,” Iskaziyev said.

Moreover, Soyuznefteotdacha project is open for other oil companies and enterprises interested in new oil production technologies. The first meeting of the companies’ joint working team took place in mid-January. The parties have defined main operational principles of the project members such as freedom of the rights of the parties and the joint implementation of the common projects.

Zarubezhneft was established by the Soviet government for field development in the friendly countries. In particular, this company received contracts in Vietnam, Cuba and India. After the collapse of Soviet Union Zarubezhneft remained in these projects, and acquired some new ones.

Belorusneft was established in 1966 and specialises in the oil field exploration and development, production of crude oil and oil-associated gas, and is engaged in give and take supplies of foreign oil to Belarusian refineries.

KazMunaiGas is the owner of 44 oil and gas onshore fields in Mangistau and Atyrau region. The total area of fields is 837,4 square kilometres. The key production units of the company are in operation more than 90 years, and company experts have in-depth knowledge and experience.

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