KazMunayGas and Turkmennebit Expand Cooperation
10.10.2024
During the official visit of the RK President Kassym-Jomart Tokayev to Turkmenistan, NC KazMunayGas JSC (KMG) and the Turkmennebit state concern signed a memorandum of cooperation. On the part of Kazakhstan, the document was signed by KMG CEO Askhat Khasenov, and on the part of Turkmenistan – by Turkmennebit CEO Guvanch Agadzhanov.
The memorandum is to expand partnership in the oil and gas sector and opens up new opportunities for both parties. The companies will jointly study and implement promising projects in geological exploration, development and production of hydrocarbon resources in the Turkmen sector of the Caspian Sea. One of the key tasks will be the use of offshore drilling rigs, exchange of experience and advanced technologies to improve production efficiency.
Besides, the memorandum is an important step towards strengthening cooperation between Kazakhstan and Turkmenistan in the energy sector, emphasizing the striving of both countries for a long-term and mutually beneficial partnership.
It should be noted that earlier KMG Drilling&Services, a KMG subsidiary, signed a contract with Dragon Oil Turkmenistan Ltd. on drilling operations in the Turkmen sector of the Caspian Sea. As part of this agreement, the Satti – Kazakh jack-up drilling rig – will be used for the first time at the Cheleken.