Kazakhstan to invite international companies to assess oil blocks

January 29, 2014

Kazakhstan's Oil and Gas Ministry plans to invite leading international consulting companies to accurately assess oil-bearing sites put up for tender, Kazakh Oil and Gas Minister, Uzakbai Karabalin said at an extended meeting on January 27, Trend has reported.

"On January 21, the head of state was presented with the atlas of oil-bearing and prospective sedimentary basins of Kazakhstan, which demonstrates that the parameters of the country's oil and gas potential can be increased several times," Karabalin said.

He said the work on the atlas - conducted on KazMunaiGas' request and with support from the Geology and Subsoil Use Committee - has taken place over the last few years. The atlas includes the results of exploration work at all fifteen sedimentary basins of Kazakhstan and analyzes them.

"We propose to introduce a specialized preliminary assessment of the sites put up for tender, on the basis of the best world experience. We consider it reasonable to invite one of the leading international consulting companies, such as, Miller & Lents, Ryder Scott, DeGolyer & MacNaughton or Netherland Sewell," Karabalin said.

Copyright: Trend, 2014