Kazakhstan’s national oil company KazMunayGas (KMG) is set to explore the Mugodzhar site in the Aktobe region in cooperation with Shell and Chevron, as reported by KMG’s press service.
Negotiations regarding the project took place in Astana during a meeting between KMG CEO Askhat Khassenov, Head of Shell Kazakhstan Ali Al Janabi and Dylan Morgan, deputy managing director of Chevron’s Eurasia Business Unit. The parties reached agreements on the utilization of geological data. According to KMG, these arrangements will allow for the use of seismic study results in planning collaborative exploration work.
«We are confident...