Project Profile
Value: $1000
Startup Year: 2014
Location: Northern Caspian sea, Zhambai South block and Zaburunye South block
Zhambai LLP is a branch of KMG which will explore and develop the Zhambai area that covers 2,000 sq. km in the north Caspian. It area includes the Zhambai South and Zaburunye South blocks. Seismic surveys have been done and are being interpreted. Currently its interpretation is underway. Forecast on reserves is very optimistic.
The pre-salt Zhambai South structure has the same type of reservoirs and hydrocarbons as the nearby fields of Astrakhan, Kashagan and Tengiz. The massive pre-salt Zhambai South structure, with estimated hydrocarbon reserves around 14 billion barrels of oil equivalent is located conveniently in close proximity of existing export pipelines.
Operators:
Zhambai LLP is a joint venture company consisting of:
KazMunaiGaz (KMG): 50% interest
LUKoil: 25% interest
Repsol: 25% interest