Zhenis oil and gas exploration

Overview:

• Zhenis oil and gas exploration
• The Zhenis area is located in the Kazakhstani sector of the Caspian Sea, at depths varying from 75 to 100 meters, close to fields with proven hydrocarbon reserves.
• In 2018, Lukoil and KazMunayGas concluded a joint operating agreement and a financing agreement on the Zhenis project and in February 2019, the Ministry of Energy of the Republic of Kazakhstan issued mineral rights on the block.