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4 Pages

Kazakhstan tests the market with new exploration round

Kazakhstan tests the market with new exploration round

Report summary

On 20 August 2015, Kazakhstan’s Ministry of Energy (MoE) announced a list of 12 exploration blocks available for offer. The blocks are almost all located in core oil and gas provinces in western and central Kazakhstan. As a substitute to the familiar tendering process, the MoE may now grant exploration and production licences through signing bonuses based auctions. This auction is a noteworthy step for Kazakhstan. The need to unlock new reserves via onshore exploration has been an under-valued part of Kazakhstan’s long term energy strategy. Given the country’s reliance on its largest oil and gas projects, any exploration success would be a positive counterbalance to decline at mature onshore fields. This could be the start of a more positive period for onshore exploration, particularly if companies are willing to make counter-cyclical investments.

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  • Kazakhstan tests the market with new exploration round PDF - 778.35 KB 4 Pages, 1 Tables, 1 Figures


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  • UPDATE: 29 JANUARY 2016
  • A new start for Kazakh onshore licensing
    • Limited licence awards in recent years
    • New auction is gathering attention
    • A fast-tracked auction process could bring benefits
    • First step towards a long-term exploration strategy
    • For more information on exploration in Kazakhstan please visit:

In this report there are 2 tables or charts, including:

  • UPDATE: 29 JANUARY 2016
  • A new start for Kazakh onshore licensing
    • Map of available blocks
    • 2015 licensing round: block overview
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