News 2011
ECD
Kazakhstan has raised the export customs duties (ECD) on oil up to $40 per ton. The government's resolution, adopted in accordance with the approved 2011 budget, was signed by the Prime Minister Karim Massimov on December 30, 2010.
Tethys Petroleum
TethysAralGaz (TAG) has obtained a government's permit from the Ministry of Oil and Gas of Kazakhstan for the Doris pilot project for oil production at the Akkulka field," informs Tethys Petroleum Ltd in its press release.
KMG EP
The development strategy for 2010-2020 has been approved at the session of the board of directors of JSC KazMunayGas Exploration Production (KMG EP), is informed in the company message.
CPC
Nikolay Platonov has been elected as a general director of Caspian Pipeline Consortium (CPC), is underlined in the company's message. According to the document, at the session of the board of directors of CJSC CPC-R and at the extraordinary general meeting of shareholders of JSC CPC-K held on November 23-24, Nikolay Platonov has been elected as general director of both societies.
N Operating Company
Drilling of the first exploration well has been successfully completed and a deposit has been opened on the structure Rakushechnoye-sea on the contract territory N in the Kazakhstan sector of the Caspian Sea, informed N Operating Company LLP. Drilling was commenced in October and completed in December 2010.
Asian Gas Pipeline
Asian Gas Pipeline LLP in which equal shares belong to the national gas transportation company KazTransGas and Chinese Trans-Asia Gas Pipeline Limited, subsidiary of CNPC, has started to elaborate a fesibility study for the construction project of the third thread of the Kazakhstan site of the transnational gas pipeline Turkmenistan - Uzbekistan - Kazakhstan - China with a throughput capacity of up to 25 billion cubic meters of natural gas a year.
Roxi Petroleum
Roxi Petroleum has received approval of the Antimonopoly Agency of Kazakhstan to sell to LG International Corp. (LGI) for $15.6 million a 40 % interest in Galaz & Co., developing the Konys field in the west of Kazakhstan. The sale will be carried out through Roxi's subsidiary, Galaz Energy BV (GEBV).
The government
The government of Kazakhstan has approved the new rules for granting the subsoil use rights. The new rules will come into force in ten calendar days from the date of its first official publication - from January 30, informs News-Kazakhstan Agency. It is marked in the rules that in accordance with the law on subsoil, the subsoil use right is granted by three ways.
Tethys Petroleum
TethysAralGas LLP (ТАG), registered on the Cayman Islands and being a 100 % subsidiary of Tethys Petroleum Limited, obtained an approval from the Kazakhstan's Ministry of Oil and Gas to implement the project for the pilot development of the Doris site of the Akkulka field in the Aktyubinsk region.
ExxonMobil
On January 28, 2011 Exxon Mobil Corporation announced that its subsidiary, Exxon Neftegas Limited, has successfully drilled the world's longest extended-reach well at the Odoptu field, offshore far east Russia. Exxon Neftegas is the operator of the Sakhalin-1 Project on behalf of an international consortium that includes affiliates of the Russian state company Rosneft RN-Astra and Sakhalinmorneftegas-Shelf; the Japanese corporation SODECO; and the Indian state oil company ONGC Videsh Ltd.