Agreement on Kazakh-Russian Imashevskoye field still expected

Oil&Gas Materials 19 March 2015 17:40 (UTC +04:00)

Baku, Azerbaijan, March 19

By Elena Kosolapova - Trend:

The agreement between the Russian and Kazakh companies on cross-border Imashevskoye gas field is still at the preparatory stage, the subsoil use contract has not been issued yet, Kazakh Energy Vice-Minister Magzum Mirzagaliev said on March 19.

"We are preparing documents for Imashevskoye field, i.e. we are at the stage of preparatory work," Novosti-Kazakhstan quoted Mirzagaliev as saying at a briefing.

The cross-border Imashevskoye field is located 60 kilometers northeast of Astrakhan in Russia and 250 kilometers southwest of Atyrau in the Kurmangazy District, Kazakhstan. The field contains over 100 billion cubic meters of explored gas reserves with a hydrogen sulfide content of 15 to 17 percent.

In 2010 Russia and Kazakhstan signed the Intergovernmental Agreement on joint geological exploration and investigation of the Imashevskoye gas and condensate field. Gazprom and KazMunaiGaz were authorized to implement the Agreement and KazRosGaz was identified as the Imashevskoye field operator.

Once the reserves are estimated and put on the balance of Russia and Kazakhstan, economic viability will be determined for further reserves development.
Edited by S.I.

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