Kazakhstan, Astana, Dec. 29 / Trend , K.Konirova/ "At present Kazmunaygaz National Open Joint Stock Company (OJSC) is finishing construction of Auezov-1 exploratory well in offshore area of the Caspian Sea under Zhemchuzhini (Pearls) project, a source at the national company told Trend , answering questions on plans of KMG in offshore area of the Caspian Sea.
"It is planned to drill the second exploratory well under Kurmangazi project (1,800m of depth), as well as Khazar-2 appraisal well under Zhemchuzhini project and exploratory well under Zhambay project (3,500m of depth) in 2009," the source said.
It is planned to hold complex interpretation of data of seismic and geochemistry, as well as engineering-geological investigation under N project in 2009. "Liabilities of the contract on prospecting hydrocarbon crude in Zhambil section envisages holding two-dimensional seismic with 1,250km and gravimetric work with 3,350km, as well as background ecological investigations," the source said.
In 2009, the national company will fulfill an obligatory program of prospecting period under Mertviy Kultuk project, an official of KMG said.
KazMunayGaz signed an agreement on joint use of offshore Mertviy Kultuk block with the national investors consortium early Dec. in 2008.
Each side got 50% of stakes in a new project. National companies are investment partners of KazMunayGaz in offshore area of the Caspian Sea and this is the peculiar feature of this agreement. Participants comprise Kaspian Tristar - Kazkommertsbank JSC, BTA Bank JSC and Seimar Investment Group financial corporation.
The current project is the first test of national investors' forces in offshore area without foreigners' leadership. The first well should be explored in 2011. Minimum expenditures of this work make up $47mln.
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