ASTANA, Kazakhstan, January 10. Kazakhstan's KazMunayGas is enhancing its strategic partnerships in subsurface exploration initiatives with Shell and Chevron, Trend reports.
A meeting was held in Astana between KazMunayGas CEO Askhat Hasenov, Senior Vice President and Chairman of Shell in Kazakhstan Ali Al-Janabi, and Deputy Managing Director of Chevron's Eurasian division Dylan Morgan. During the talks, KazMunayGas signed agreements with Shell and Chevron granting access to geological information, which will enable the effective use of seismic survey results for planning joint exploration work.
"We are confident that partnerships with leading global energy companies will provide new momentum for the development of geological exploration in Kazakhstan and will help attract new technologies and foreign direct investment," noted A. Hasenov.
The collaboration with the partners is aimed at jointly studying the prospects of the "Mugodjar" project in the Aktobe region.
Shell is a British oil and gas company. As of 2018, it was the largest oil and gas company and the 11th largest public company in the world, according to the Forbes Global 2000 ranking (including 3rd in revenue, 21st in net profit, 83rd in assets, and 15th in market capitalization); 5th in the Fortune Global 500 ranking. Its headquarters are located in London, UK.
Chevron Corporation is the largest integrated energy company in the USA and one of the largest corporations in the world. The company's largest reserves are located in the United States (29 percent), Australia (20 percent), and Kazakhstan (18 percent).