BAKU, Azerbaijan, Oct. 5
Some 26 billion tenge ($61 million) will be needed for geological exploration of deposits in Mangistau region of Kazakhstan, the Ministry of Energy of Kazakhstan Magzum Mirzagaliyev said, commenting on plans regarding geological exploration of promising fields, Trend reports citing Kazinform.
According to Mirzagaliyev, Kazmunaigas (Kazakh National Oil Company) will carry out additional exploration work in the areas adjacent to the Uzen, Zhetybai and Kalamkas fields.
“Thus, it is planned to conduct geological exploration in the amount of 26 billion tenge ($61 million) in the areas of Bekturly Vostochny and Uzen-Karamandybas,” Mirzagaliyev said.
In addition, Mirzagaliyev said that in order to prevent a decrease in oil production in the region, the Ministry of Energy and Kazmunaigas, together with interested state bodies, will work out proposals for the provision of tax preferences for unprofitable, flooded, marginal fields located in the Mangistau region.