Kazakhstan plans to conduct exploration works in the Al-Farabi field

On March 15, the Minister of Energy of the Republic of Kazakhstan Nurlan Nogayev held a meeting with the President of PJSC "LUKOIL" Vagit Alekperov, the press service of the Ministry of Energy of the Republic of Kazakhstan reports.

During the meeting, the Minister of Energy of the RK Nurlan Nogayev and the Chairman of the Management Board of JSC NC "Kazmunaygas" Alik Aidarbayev discussed with the President of PJSC "LUKOIL" Vagit Alekperov the development of joint projects in the field of subsurface use and the prospects for cooperation on "Al-Farabi" project.

As a result of the meeting, a protocol of direct negotiations was signed within the framework of joint development of Al-Farabi offshore site.

The next stage involves the signing of a contract for subsurface use between JSC NC "Kazmunaygas" together with the attracted strategic partner PJSC "Lukoil".

Lukoil is an investor in Kazakhstan with assets in the Khvalynskoye (50%), Tsentralnaya (25%), Zhenis (50%) projects, two major projects - Tengiz (5%), Karachaganak (13.5%) and the Caspian Pipeline Consortium (12.5%).

Unofficial translation