1、Project Profile
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The North Caspian Sea Project has five blocks in total with a total area of 9,867 square kilometers.
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Three of the five blocks are located in Pre-Caspian Basin of Kazakhstan richest in oil and gas accumulation and the rest two are respectively located in Ustyurt Basin and Mangyshlak Basin of Kazakhstan also rich in oil and gas accumulation.
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In 2009, Balykshi9 well received important exploration results: based on the results of test carried out during the test period from April 20, 2009 to July 20, 2009, when 805.89 cubic meters of oil were exploited in total, the potential output of crude oil could reach 208.13 cubic meters.
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An oilfield of Russia, which was largest over the 30 years of Russia, was found near the block in Russia.
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2、Investment highlights
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Huge area: the total area of the five blocks is nearly ten thousand square kilometers, which provides a number of favorable target areas for the successful exploration;
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Rich oil and gas accumulation: the three basins where the blocks are located are the ones of Kazakhstan richest in oil and gas accumulation; there are many oilfields in the basins, even including several world’s largest oilfields, which indicate the sound prospect of the block exploration;
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Detected discoveries: among the five blocks, many areas have been identified with the oil & gas discoveries and even the oil & gas showings, which have laid good economic benefits for the exploration work.