Kurmangazy

Overview

The project was implemented in accordance with the Production Sharing Agreement on "Kurmangazy"structure, located in the Caspian Sea d.d. July 6, 2005.

The project participants

• "KazMunayTeniz" JSC OOC — 50%
• "RN-Exploration" LLC — 50%.

Social Commitment

• Annual training of Kazakhstani personnel for the amount of USD$1,000.
• Annual funding for social projects for the amount of USD$ 300 thousand.

Works completed under the Project

• Construction of Kurmangazy-1 Exploration Well, depth — 2002 m (2006);
• 2D- Seismic Survey, scope — 2752 linear km (2006—2008, 2010);
• DNEM Electrical Survey, Data Processing and Interpretation (2007,2009);
• High-precision Gravimetric and Magnetic Survey; scale 1:100000, scope — 5700 linear km (2007);
• Construction of Kurmangazy-2 Exploration Well to the depth of 1600 m (2009);
• Completed comprehensive Analysis of Geology and Geophysics Data; mapped 13 structures in Paleozoic and Mesozoic Complexes. Completed Appraisal of Prospective reserves of the area.
• Processed and Interpreted Data of Geochemical and 2D-Seismic Survey. Theme-based POS of Pre-Jurassic Complex.

The project is undergoing.