Insight

Kazakhstan tests the market with new exploration round

This report is currently unavailable

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.
 

- Available as part of a subscription
- FAQ's about online orders

28 September 2015

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.  

Table of contents

  • UPDATE: 29 JANUARY 2016
    • 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:

Tables and charts

This report includes 2 images and tables including:

  • Map of available blocks
  • 2015 licensing round: block overview

What's included

This report contains:

  • Document

    Kazakhstan tests the market with new exploration round

    PDF 778.35 KB

Other reports you may be interested in

Browse reports by Industry Sector