ASTANA, Kazakhstan, January 12. QazaqGaz and
Kazakhstan's Agip Caspian Sea B.V. have signed a Joint Study
Agreement to assess the hydrocarbon potential of the Kamenkovsky
subsurface block in the Caspian Sea, Trend reports via QazaqGaz.
The agreement was signed by Alibek Zhamauov, Chairman of the
Management Board of QazaqGaz, and Seger Hoytink, Chairman and
Managing Director of Agip Caspian Sea B.V.
The main objective of the joint study is to evaluate the
investment feasibility of equity participation in a subsurface
exploration project targeting hydrocarbons at the Kamenkovsky
block.
Under the joint study agreement, the parties will carry out a
comprehensive program of geological and geophysical studies. The
results will form the technical basis for assessing the hydrocarbon
potential and commercial viability of the Kamenkovsky block.
The Kamenkovsky block is located in the northern flank zone of
the Caspian sedimentary basin, an area considered highly
prospective for the discovery of gas and gas-condensate fields.
Several major fields, including Karachaganak, Chinarevskoye, and
Rozhkovskoye, have previously been discovered in this region.
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