Kazakhstan and CNOOC launch joint hydrocarbon exploration in Caspian transit zone
Photo: KazMunayGas
Kazakhstan’s Ministry of Energy, KazMunayGas, and China’s CNOOC Hong Kong Holding have signed a Hydrocarbon Exploration and Production Contract for the Zhylyoi project in the Caspian Sea. This marks CNOOC’s first investment in Kazakhstan, with a 50/50 partnership to finance geological exploration including seismic surveys and drilling.
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