KazMunaiGas Extends Subsoil Use Contracts in Kazakhstan

Source: www.gulfoilandgas.com 3/11/2015, Location: Asia

KazMunaiGas Exploration Production JSC (KMG EP) announces that addendums have been signed to extend contracts between the Kazakh Ministry of Energy and KMG EP subsidiaries.

The following four contracts have been extended with JSC Embamunaigas: the Kenbay field (contract 37) valid until 2041; the SE Novobogatinsk field (contract 61) valid until 2048; the Botakhan, Makat, Dossor, Tanatar, Kamyshitovoye, etc. fields (all in all 22 fields - contract 211) valid until 2037; the Prorva, Kulsary, Karaton, Koschagyl, etc. field (all in all 13 fields - contract 413) valid until 2043.

Additionally, the contract for the exploration of hydrocarbons (contract 468) with Ural Oil and Gas LLP which has been operating within the Fedorovsky block has been extended until 2016.


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Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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