Eni, KMG form joint venture in Kazakhstan

Offshore staff

BOROVOYE, KazakhstanKazMunayGas (KMG) and Eni have signed an agreement for an exploration and production concession in the northern Caspian Sea.

The two companies will each hold 50% of the Isatay offshore exploration area, which is allegedly prospective for oil. They will form a joint operating company to manage their program.

Additionally, they have agreed on development of a shipyard in Kuryk on the Caspian Sea coast of the Mangystau region, to be managed by a project company formed by the same partners.

06/12/2014

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...