Lukoil announces cost of geological data studies
Kazakhstan, Astana, May 16 /Trend D.Mukhtarov/
Lukoil has acquired a package for studying geological data coverign Kazakhstan worth $3 million, President Vagit Alekperov told reporters in Astana on Wednesday.
He said the volume of investment in the study of geological and geophysical data of available unlicensed sites has not been determined yet.
"We received the geological material, and our team will analyze it. The volume of investments will be determined after the analysis," Alekperov said.
KazMunaiGas Chairman of the Board Lyazzat Kiinov and the president of LUKOIL Vagit Alekperov have signed a memorandum of understanding, which lays the foundation for cooperation between the companies in studying geological and geophysical data of free unlicensed onshore and offshore sites in Kazakhstan.
The relevant program has been implemented since November 2011. Atyrau Oil Refinery experts have been trained at the LUKOIL-Permnefteorgsintez and LUKoil-Volgograd plants.
LUKOIL employees plan to study KazMunaiGas' experience in professional standards development.
About 46 employees of the Atyrau Oil Refinery are planned to be trained this year.