LogIn LogOut

CNOOC Signs Hydrocarbons Exploration and Production Deal with Kazakhstan

June 24, 2025

© corlaffra / Adobe Stock
© corlaffra / Adobe Stock

China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has signed production and exploration contract with Ministry of Energy of the Republic of Kazakhstan and state-owned operator KazMunayGas (KMG) for Zhylyoi Subsoil Area.

CNOOC signed the contract through its wholly-owned subsidiary CNOOC Hong Kong Holding Limited.

The Zhylyoi Subsoil Area is located partially in the Atyrau region and partially in the Kazakhstan sector of the Caspian Sea, with an area of approximately 958 square kilometers.

According to the terms of the contract, the first stage of the exploration period will be 9 years.

CNOOC Hong Kong Holding Limited and KMG will each hold 50% interests, and the two parties will establish a joint operating company and act as the operator, CNOOC informed.

Current News

Baker Hughes, Petronas Team Up for Asia-Pacific Energy Resilience

Baker Hughes, Petronas Team Up for Asia-Pacific Energy Resilience

EnQuest Acquires Harbour Energy’s Vietnamese Assets

EnQuest Acquires Harbour Energy’s Vietnamese Assets

Woodside Finds South Korean Partners to Advance LNG Value Chain

Woodside Finds South Korean Partners to Advance LNG Value Chain

Valeura Makes Progress with Multi-Well Drilling Campaign in Gulf of Thailand

Valeura Makes Progress with Multi-Well Drilling Campaign in Gulf of Thailand

Santos and QatarEnergy Agree Mid-Term LNG Supply

Santos and QatarEnergy Agree Mid-Term LNG Supply

PTTEP Hires Energy Drilling’s Rig for Southeast Asia Offshore Job

PTTEP Hires Energy Drilling’s Rig for Southeast Asia Offshore Job

One Shelf Drilling Rig Up for New Job in India, Other for Disposal

One Shelf Drilling Rig Up for New Job in India, Other for Disposal

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com