KazMunayGas, ConocoPhillips and Mubadala Announce Signing of Project Agreements for Exploration and Development of N Block, Offshore Kazakhstan

ConocoPhillips [NYSE: COP], JSC National Company KazMunayGas (KMG) and Mubadala Development Company PJSC (Mubadala) today announced that they have signed project agreements allowing the joint exploration and development of the Nursultan Block (N Block) located in offshore Kazakhstan.

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KazMunayGas, ConocoPhillips and Mubadala Announce Signing of Project Agreements for Exploration and Development of N Block, Offshore Kazakhstan

ConocoPhillips [NYSE: COP], JSC National Company KazMunayGas (KMG) and Mubadala Development Company PJSC (Mubadala) today announced that they have signed project agreements allowing the joint exploration and development of the Nursultan Block (N Block) located in offshore Kazakhstan.

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Tengizchevroil: risky hope for short-run survival

Tengizchevroil: risky hope for short-run survivalKazakhstan’s largest oil producing consortium Tengizchevroil (TCO), operated by American’s oil octopus Chevron which also owns half of the shares in the venture, has promised to increase its production in order to compensate in exportation volumes for losses in exportation revenue due to plummeted crude oil prices on world markets through the winter.

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