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Press Release

LUKOIL CONCLUDES CONTRACT FOR HYDROCARBON EXPLORATION AND DEVELOPMET ON ZHENIS BLOCK IN KAZAKHSTAN

{ 4/3/2019 12:00:00 AM }

PJSC LUKOIL ("LUKOIL"), the Ministry of Energy of the Republic of Kazakhstan and JSC NC KazMunayGas ("KazMunayGas") have concluded a contract for the exploration and development of hydrocarbons on the Zhenis block in the Kazakh Sector of the Caspian Sea. Zhenis Operating LLP (a fifty-fifty joint venture between LUKOIL and KazMunayGas) will be operator of the project.

In accordance with the concluded contract main minimal obligations include drilling of one exploration well and a 3D seismic survey.

​The new project in the Caspian Sea is an important step in expanding the resource base in the region which has a strategic importance for the Company and where it has accumulated considerable expertise.   

  • Press release in PDF

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