(MENAFN- Trend News Agency) BAKU, Azerbaijan, January 9. JSC NC
'KazMunayGas' (KMG) will launch the subsoil exploration of 5
promising oil and gas deposits in various parts of the country, a
source at KazMunayGas told trend .
Oil deposits in Mugodzhari (Aktobe region), Berezovskiy (West
Kazakhstan region), Zharkyn, Bolashak, and North Ozen (all in the
Mangystau region) have been chosen for further exploration due to
their promising nature.
The statement issued by the KMG highlights that despite the
expectations, little geological and geophysical information on
these deposits is available.
Exploration works are planned to last from 2023 through 2025.
Upon completion, the decision on granting contracts for subsoil use
will be carried out.
Capital expenditures of KazMunayGas for the exploration of the
abovementioned oil deposits are expected to be around 29.5 billion
Kazakh tenge (nearly $63 million).
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