ASTANA, Kazakhstan, April 17. KazMunayGas (KMG)
has formed a portfolio of 23 exploration projects at different
stages of maturity, with a total geological resource potential of
up to 65 billion tons of oil equivalent, Trend reports via the company.
The announcement was made during an expanded geological and
technical meeting dedicated to the 2026-2030 exploration
program.
Under the program, KMG plans to carry out 6,250 km of 2D seismic
surveys and 2,540 square kilometers of 3D seismic surveys, along
with geochemical sampling covering 22,000 points. The company also
intends to drill 26 exploration wells and conduct large-scale
regional 2D seismic surveys totaling 60,000 km to study subsalt
formations in the Pre-Caspian Basin.
During the meeting, participants emphasized that moving into new
territories and deeper geological formations is an objective and
necessary stage in the development of the country’s exploration
sector. Amid the natural depletion of mature fields, large-scale
exploration work is seen as critical for ensuring the energy
stability of the republic.
Experts also provided recommendations on the planned activities,
including the placement of seismic surveys, approaches to seismic
data processing and interpretation with the use of artificial
intelligence, as well as methods for drilling and testing complex
deep wells.
According to the company, KMG’s oil and gas condensate
production in 2025 amounted to 26.211 million tons (544,000 barrels
per day), an increase of 10% year-on-year. Production of associated
and natural gas (before reinjection) rose by 19.8% to 11.45 billion
cubic meters.
