Kazakhstan Buys ConocoPhillips stake in Nursultan Block
Source: Reuters 1/30/2013, Location: Asia
Kazakhstan's state oil company KazMunaiGas (KMG) has bought a 24.5-percent stake held by U.S. energy major ConocoPhillips in the Nursultan offshore oil block in the Caspian, KMG said, disclosing no price.
The block holds an estimated 270 million tonnes of recoverable oil reserves, and commercial production at the field is expected to start in 2016.
With the acquisition of the stake, KMG will now hold a 75.5-percent share in the exploration and development project and Abu Dhabi state investment company Mubadala the remaining 24.5 percent, KMG said.
For more information about related Opportunities and Key Players visit Caspian Region Projects
The block holds an estimated 270 million tonnes of recoverable oil reserves, and commercial production at the field is expected to start in 2016.
With the acquisition of the stake, KMG will now hold a 75.5-percent share in the exploration and development project and Abu Dhabi state investment company Mubadala the remaining 24.5 percent, KMG said.
For more information about related Opportunities and Key Players visit Caspian Region Projects
United States >> 1/17/2025 - Kimbell Royalty Partners, LP (NYSE: KRP) ("Kimbell"), a leading owner of oil and gas mineral and royalty interests in over 17 million gross acres in 2...
United States >> 1/16/2025 - Plenitude, through its US subsidiary Eni New Energy US Inc., has signed an agreement with EDP Renewables North America LLC (“EDPR NA”), to purchase a ...
Canada >> 1/15/2025 - BTQ Technologies Corp. (the "Company") (CBOE CA: BTQ) (FSE: NG3) (OTCQX: BTQQF), a global quantum technology company focused on securing mission-criti...
United States >> 1/15/2025 - onsemi (Nasdaq: ON) today announced that it has completed its acquisition of the Silicon Carbide Junction Field-Effect Transistor (SiC JFET) technolog...
Colombia >> 1/14/2025 - GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent energy company with over 20 years of successful operations across Lat...
Italy >> 1/14/2025 - Fincantieri announces the closing of the acquisition of Leonardo S.p.A.'s Underwater Armaments & Systems ("UAS") business line through the purchase of...
Related Categories:
Accounting, Statistics
Acquisitions and Divestitures
Asset Portfolio Management
Economics/Financial Analysis
General
Industrial Development
Insurance
Investment
Mergers and Acquisitions
Risk Management
Related Articles: Accounting, Statistics Acquisitions and Divestitures Asset Portfolio Management Economics/Financial Analysis General Industrial Development Insurance Investment Mergers and Acquisitions Risk Management
Related Articles: Accounting, Statistics Acquisitions and Divestitures Asset Portfolio Management Economics/Financial Analysis General Industrial Development Insurance Investment Mergers and Acquisitions Risk Management
More News
Kimbell Royalty Closes $230M Acquisition of Midland Basin Mineral in Cash Transaction
Plenitude Signs Agreement with EDP to Acquire Two Photovoltaic plants & Storage Facility in US
BTQ Technologies Acquires Computing-in-Memory Intellectual Property from Cimtech Technology
onsemi Completes Acquisition of Qorvo’s Silicon Carbide JFET Technology Portfolio
Fincantieri Completes the Acquisition of Leonardo's UAS Underwater Business
GeoPark Terminates Acquisition of Repsol's Oil and Gas Assets in Colombia
Vår Energi Awarded 16 NCS Licences
Sval Awarded New Licences on the Norwegian Shelf
Related Links
Establishment of New Production Facilities in Western Kazakhstan
Extraction Tax Rate is Reduced for Karazhanbasmunai
KazMunayGas Signed an Agreement on Cooperation with Uzbekneftegas in O&G Sphere
KazMunayGas & Eni Sign a Number of Agreements on the Abai Project
Production
Exploration
Oil Treating & Refining
Oil and Gas Pipeline
Oil & Gas Companies
