Baku, Azerbaijan, July 22
By Elena Kosolapova - Trend:
Kazakhstan’s KazMunaiGas Exploration Production JSC has succeeded to extend two contracts for subsoil use for two years (till June 16, 2018), said the website of Kazakhstan Stock Exchange (KASE).
One of the extended contracts is for hydrocarbon exploration at Karaton-Sarkamys block in Atyrau province and the other is for exploration of hydrocarbons on the territory adjacent to Uzen and Karamandybas fields in Mangystau province.
The document on extending the contracts, which was earlier effective till 2016, was signed with Kazakhstan’s Energy Ministry.
KazMunaiGas Exploration Production is among top 3 companies in terms of the oil production volume in Kazakhstan. The volume of oil production by the company stood at 12.4 million tons in 2015 taking into account its share in joint enterprises.
