Atash project
On December 29, 2003 the Ministry of Energy and Mineral Resources of the Republic of Kazakhstan (competent authority) and JSC NC “KazMunayGas” (Contractor) concluded the Contract for exploration within Atash site located in Kazakhstan sector of the Caspian Sea, which was later assigned to the companies “Lukoil Overseas Shelf” and JSC OOC “KazMunayTeniz”.
On January, 2004 JSC OOC “KazMunayTeniz” and the company “Lukoil Overseas Shelf” completed Participants Agreement No. 15 on the establishment and activities of “Atash Company” LLP.
On February 11, 2004 JSC OOC “KazMunayTeniz” and “LUKOIL overseas Shelf B.” signed a Contract for purchase and sale of a participatory interest of JSC OOC «KazMunayTeniz» in the statutory capital of Atash Company LLP and Contract for purchase and sale of a participatory interest in Atash Company LLP.
JSC OOC “KazMunayTeniz” is the owner of 50% participatory interest in Atash Company LLP.
Participatory interest of JSC OOC “KazMunayTeniz” in the project is financed by its partner — “Lukoil Overseas Atash B.V.”
Performed works:
- Detailed 2D seismic operations on structures Atash, Kazakhstan, and Maral in the volume 1509 line km. Interpretation and re-interpretation of the previous seismic data and analysis of geology and geophysics evidence;
- Electrical exploration works by differential-normalized method in the volume of 533 line km;
- Thematic work “Analysis and integration of geology and geophysics data on the contractual area Atashsky”;
- Construction of 2500m deep exploratory well Atash-1;
- Processing of 2D seismic data;
- Analysis of gas and liquid inclusions by detailed analysis of molecular composition of hydrocarbon deposits of the Triassic, Jurassic, Lower Cretaceous periods (Atash-1 well), clarification of velocity characteristics by wavefield continuation method (Velink);
- Processing of electrical data (Geovisor method);
- Performance of AVA and inversion.
Works description in 2010
Report works are being carried out following the results of the exploration period and preparatory works on the return of contract area due to expiration of the exploration period.
Contract for exploration of the Atashsky section will be expired in 2010.
Performance of social obligations in accordance with provisions of the Contract for exploration under the project:
Social obligations
- Professional education of Kazakhstan human resources to the amount of USD 40 000
- Financing of social projects to the amount of USD 80 000
As of January 01, 2010 the total financing of social projects and professional education of Kazakhstan human resources comprised USD 681 thous.
Social programme for 2010.
- In autumn, 2010 it is planned to co-finance construction of children’s pre-school institution in Akshukur village of Tupkaragansky region of Mangistau oblast to the amount of USD 80 000 (eighty thousand).
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