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​Drilling operations in Tengiz will be carried out by “KMG Nabors Drilling Company” LLP Economy

​Drilling operations in Tengiz will be carried out by “KMG Nabors Drilling Company” LLP

Drilling operations in Tengiz will be carried out by “KMG Nabors Drilling Company" LLP, the documents about establishment of this company were signed on Tuesday in Astana between KMG Drilling & Services LLP (subsidiary of KazMunayGas National Company) and "Nabors Drilling International Ltd" (the world leader in oil and gas drilling), KMG press service reports. April 21 2015, 16:54 8 547 views
​Tied by oil transportation routes Economy

​Tied by oil transportation routes

Falling oil prices, as well as sharp deterioration in relations between Russia and the Western countries can reduce profitability of oil and gas industry in Kazakhstan. Kashagan oil with its high prime cost ($100 per barrel) at the times of prolonged oil price drop is not in demand. The completion of Future Growth Project in Tengiz is postponed for nearly two years, and Russia doesn't like the idea of Kazakhstan about construction of its own gas-processing plant in the West Kazakhstan Oblast, operating on raw materials from Karachaganak gas-condensate field. April 8 2015, 15:01 4 362 views