KazMunayGas / Lukoil
The Kazakh KazMunayGas (KMG) national oil and gas company and the Russian Lukoil will equally share the shares in the project to develop the Kalamkas-Sea and Khazar fields located in the Kazakh sector of the Caspian Sea, the press service of KMG reported. Shares in the project will be distributed as follows: KMG at 50%, Lukoil at 50%.
According to KMG, according to the legislation of Kazakhstan, the project is classified as complex, and therefore it is planned to export the produced oil from the subsoil area, but the subsoil user also has the opportunity to supply the domestic market. “The subsoil plot is located on the territory of Kazakhstan, and, accordingly, the oil will be of Kazakh origin,” the company said, commenting on the issue of possible export markets for raw materials produced by the project. KMG noted that the project involves joint decision-making on field development issues.
As the press service clarified, it will be possible to return to the issue of a possible level of production after the approval of the field development project, within the framework of the contract and the Subsoil Code of Kazakhstan. The company clarified that the development of the Kalamkas-Sea, Khazar and Auezov subsoil plot is planned mainly with the involvement of Kazakh companies, as well as the use of Kazakh shipyards and sites. Lukoil is developing several fields in similar conditions in the Russian sector of the Caspian Sea. KMG is also involved in the development of the Kashagan field on the shelf of the Caspian Sea, the company added, commenting on the availability of the necessary technologies and possible difficulties due to sanctions.