Project Profile
Value: $23000
Startup Year: 2017
The recoverable reserves are estimated at around 1 billion tonnes of oil (240 million tonnes). Rosneft and KazMunajGaz have signed agreements for joint exploration and development of the field. Rosneft is converting its twin-hulled heavy lift vessel Ispolin to a drilling unit to be used to drill Kurmangazy in mid-2003. The Kurmangazy field lies in Kazakhstan’s sector, while the Khvalynskoye field is in the Russian sector. Recoverable reserves are estimated at around 1 billion tonnes of oil. Rosneft and KazMunajGaz have signed initial agreements that they expect to lead to joint exploration and development of the field.
Operators:
Rosneft (Russia): 25%
KazMunaiGaz: 50%
Zarubezhneft: 25%