JSC NC QazaqGaz and Chevron Munaigas Inc. have partnered to explore natural gas reserves in Kazakhstan’s Aktobe region, focusing on the Zhalibek site. This collaboration aims to enhance the country’s gas resource base and drive economic development, building on previous agreements for joint hydrocarbon exploration.
Kazakhstan and Chevron Sign Gas Exploration Agreement
JSC NC QazaqGaz and Chevron Munaigas Inc. have entered into a cooperation agreement focused on natural gas exploration in Kazakhstan’s Aktobe region. This partnership, initiated by Kazakhstan’s national gas company (QazaqGaz) and Chevron Corp., aims to evaluate the gas potential near the established Urikhtau and Zhanazhol fields.
Chevron Munaigas will start by reprocessing seismic data and contribute to a broader exploration campaign supported by Samruk-Kazyna JSC and the Kazakhstan Energy Ministry. The exploration targets the Zhalibek site, with expectations to boost the country’s gas resource base and foster economic growth. This agreement follows a memorandum of understanding signed in 2022 for joint efforts in hydrocarbon exploration, gas processing, and energy transition.
Chevron has had a significant presence in Kazakhstan since 1993 and holds stakes in major projects like the Tengiz and Karachaganak fields, and the Caspian Pipeline Consortium.
