KazMunayGas (KMG), ConocoPhillips, dan Mubadala Development Co. (Mubadala) telah menandatangani MoU untuk tahap negosiasi untuk eksplorasi dan pengembangan blok N di offshore Kazakhstan, berdasarkan kontrak menggunakan subsoil baru.
Penulis : Offshore staff
The parties will now have until Dec. 31 to negotiate the definitive agreements for the assignment by KMG of a 49% interest in the subsoil use contract to be shared equally between ConocoPhillips and Mubadala. KMG will remain the majority partner in the venture.
The N block is located 30 km (18.6 mi) south southwest offshore Aktau, Kazakhstanin in the Caspian Sea. The block covers approximately 8,100 sq km (3,127 sq mi) and is considered highly prospective for both oil and gas.