BAKU, Azerbaijan, November 4. Kazakhstan plans
to put 112 subsoil areas up for electronic open auctions in 2026
for geological exploration, Kazakhstan's Energy Minister Yerlan
Akkenzhenov said.
According to the press service of the Government of Kazakhstan,
Akkenzhenov made the statement at a press conference in Astana
today.
"112 is a large number for one year, and in the very near future
we will see some positive results. The results of geological
surveys and drilling will be available to the Ministry of Energy
for assessment," he said.
According to the minister, 126 areas were put up for auction in
2023-2025. Both Kazakh and foreign companies take part in the
auctions, including investors from China and neighboring
countries.
Particular attention is paid to investors' commitments regarding
geological exploration of the areas, drilling, the development of
local content, procurement of goods and services, as well as
personnel training.
Chairman of the Management Board of KazMunayGas (KMG) National
Company Askhat Khassenov noted that the company is implementing a
geological exploration program covering 47 areas and 23 projects,
with estimated resources of 4.7 billion tonnes of oil
equivalent.
The national company is also conducting seismic surveys covering
60,000 linear kilometers. The studies will extend to deep
geological formations at depths of up to 8,000 meters.
The work is aimed at discovering new deposits and replenishing
the country's resource base.
