ASTANA, Kazakhstan, May 30. First Deputy Prime
Minister of Kazakhstan Nurlybek Nalibayev and Shell Senior Vice
President and Chair of Shell Kazakhstan Suzanne Coogan discussed
the further development of cooperation in the oil and gas sector,
Trend reports via the
press service of the Kazakh government.
The parties reviewed progress in bilateral cooperation and the
implementation of previously reached agreements. Particular
attention was given to the contract signed in March between
Kazakhstan’s Ministry of Energy and Shell for geological
exploration at the Zhanaturmys block in the Aktobe region.
Nalibayev highlighted ongoing efforts to expand geological
exploration activities in Kazakhstan and emphasized the strategic
significance of the Zhanaturmys project, which is being implemented
under an improved model contract framework.
The discussions also covered the implementation of strategic
projects at the Karachaganak and Kashagan fields, which occupy a
central position in Kazakhstan’s energy sector. The parties
underscored the importance of maintaining stable production levels
and ensuring the continued development of these projects.
The Zhanaturmys block, covering an area of 1,377 square
kilometers, is located in one of Kazakhstan’s most promising oil
and gas basins and represents significant potential for further
expansion of geological exploration activities in the country.
The work program includes 3D seismic surveys and the potential
drilling of a deep exploration well.
Given the scale and technical complexity of the project, the
contract has been concluded for a period until 2032. The project
will be implemented under the terms of an improved model
contract.
Over the contract period, Shell will allocate at least 100
million tenge to finance the socio-economic development of the
region where the block is located
