ASTANA, Kazakhstan, April 2. The current project portfolio of KazMunayGas (KMG) includes more than 20 projects with a total geological resource base of around 4.7 billion tons of oil equivalent, Trend reports via the company.
The announcement was made by First Deputy Chairman of the Management Board Kurmangazy Iskaziyev during the Geoscience & Exploration Central Asia 2026 (GECA-2026).
According to him, taking into account the potential of deep subsalt formations in the Pre-Caspian region and the Zhylyoi carbonate platform, the resource base could increase by up to an additional 60 billion tons of oil equivalent.
He noted that KMG plans to carry out large-scale exploration activities in 2026–2029, including 2D and 3D seismic surveys, as well as the drilling of dozens of exploration wells.
The company has completed basin modeling for five out of 15 sedimentary basins, covering about 33% of Kazakhstan’s territory, where nearly 100% of proven hydrocarbon reserves are concentrated, he said.
Iskaziyev added that the use of digital modeling data is expected to accelerate exploration and support long-term resource growth.
Meanwhile, the company is introducing new technologies, including wireless seismic receivers that can increase fieldwork efficiency by up to 20%, as well as electromagnetic pulse sources used in environmentally sensitive areas.