Project Profile

Location: Caspian Sea, Kazakhstan
Value: US$500 million
Water depth: 75-100 metres
Recoverable reserves: 179 million tonnes (1.31 billion barrels) of oil equivalent
Start-up: ----

The project involves the exploration of the Zhenis block, which is located 80 km from the coastline in water depths of 75-100 metes. In-place resources are estimated at 615 million tonnes of oil equivalent (4.5 billion boe), with anticipated recoverable oil reserves estimated at 179 million tonnes of oil equivalent (1.31 billion boe).
France’s Total signed a memorandum of understanding (MoU) on assessing the resource potential of the Zhenis block in 2011, but opted against developing the block in 2012. Russia’s Lukoil is reportedly interested in acquiring a stake in the project (Kommersant; April 2018).

Operators:

KazMunaiGas (KMG).