ASTANA, Kazakhstan, April 15. The Ministry of
Energy of Kazakhstan, QazaqGaz, and CNPC-AktobeMunaiGas have signed
a contract for hydrocarbon exploration at the Severny-1 subsoil
site in the Aktobe region, Trend reports via the Ministry of Energy.


The document was signed by Vice Minister of Energy Yerlan
Akbarov, Deputy Chairman of the Management Board of QazaqGaz
Assylzhan Dauletov, and General Director of CNPC-Aktobemunaigas Zhu
Shitao.


Under the subsoil use contract, the project provides for 2D and
3D seismic surveys, as well as drilling of both independent and
dependent exploratory wells. The total investment in geological
exploration is estimated at 3.5 billion tenge (about $7.3
million).







The Severny-1 site is considered one of the most promising areas
for gas exploration in Kazakhstan.