QazaqGaz and Agip Caspian Sea B.V. signed an agreement on joint study of the Kamenkovsky area

Alibek Zhamauov, Chairman of the Board of NC QazaqGaz JSC, and Seger Hoijtink, Chairman & Managing Director of Agip Caspian Sea B.V., signed an agreement on joint research to assess the subsurface hydrocarbon potential of the Kamenkovsky area. 

The main objective is to determine a possible investment opportunity for equity participation to explore the subsurface  for hydrocarbons in the Kamenkovsky area. This cooperation is being carried out as part of the implementation of the Head of State's instructions and in accordance with the strategy of NC QazaqGaz JSC to increase the gas resource base.

The Kamenkovsky site is located in the northern marginal zone of the Caspian sedimentary basin, which offers great prospects for the discovery of gas, and gas condensate fields. Fields such as Karachaganak, Chinarevskoye, Rozhkovskoye, and others have previously been discovered in this region.

The joint study agreement provides for comprehensive geological and geophysical studies, which will serve as the technical basis for assessing the hydrocarbon potential and commerciality of the Kamenkovsky area.