BAKU, Azerbaijan, September 30
By Nargiz Sadikhova - Trend:
Kazakhstan will start the development of Kalamkas Sea and Khazar oil fields in cooperation with Russia's LUKOIL, Trend reports citing Kazakh media.
In March 2020 LUKOIL expressed interest in Kazakhstan's Kalamkas Sea and Khazar fields and their development plans.
On October 21, 2019, North Caspian Operating Company (NCOC) and Shell company have announced abandonment of Kalamkas-Sea and Khazar oil fields development plans respectively. The procedure on return of the subsoil use rights for the Kalamkas-Sea field to the country’s ownership was to start soon.
LUKOIL has been operating in Kazakhstan since 1995. The Company is a party to several onshore production projects and a member of the Caspian Pipeline Consortium (CPC). LUKOIL has been investing substantial sums both in production projects and in the region’s social development.
KazMunayGas (KMG) National Company is the Kazakhstan operator for exploration, production, refining, and transportation of hydrocarbons, representing the state interests in the oil and gas industry of Kazakhstan.
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