The consortium of foreign companies (Agip Caspian Sea B.V., RN-Exploration, CNPC International Ltd., SOCAR, KazMunayGas-Eurasia LLP and NEOS GeoSolutions) and the Government of Kazakhstan have signed the agreement on geological exploration of the Caspian Sea basin. “The Caspian depression is characterized by a complex geological structure and presence of unique oil and gas fields. Taking into account the fact that part of the Caspian depression is located on the territory of the Russian Federation, the authorized bodies of Kazakhstan and Russia agreed to exchange geological and geophysical information”, Energy Minister of Kazakhstan Kanat Bozumbayev said, Caspian Energy News (www.caspianenergy.net) reports with reference to the Ministry of Energy of the Republic of Kazakhstan.
“The implementation of the ‘Eurasia’ project has been divided into three stages. The first involves a complete interpretation of the available data and creation of a new database, the second envisages geophysical studies. If after the second stage experts prove the availability of hydrocarbon reserves, the third stage will be devoted to drilling of an exploration well with the depth of about 15 km. Such ultra-deep drilling has not yet been carried out anywhere in the world. The deepest drilling in Kazakhstan today reaches 5 km”, the minister said.