JSC NC KazMunayGas began to own 50% of the shares of Kalamkas-Khazar Operating LLP.
According to information, KMG owns 10% or more in the following companies: Exploration and Production KazMunayGas JSC - 99.7%, KMG Green Energy LLP - 100%, OzenMunaiService LLP - 100%, KenKurylysService LLP - 100%, Kazakh Gas Processing Plant LLP - 100% and in 53 other companies.
Kalamkas-Khazar Operating LLP is the operator of the Kalamkas-Sea, Khazar, Auezov project in the Caspian Sea. KMG planned to cooperate with the Russian Lukoil within the framework of the project and signed an agreement on this in February 2023. Kalamkas-Khazar Operating LLP is going to submit a field development project to the central commission for exploration and mining by the end of the third quarter of 2023. The planned start of production at the Kalamkas-Khazar field was announced for the end of 2028 with an expected production volume of 4 million tons of oil per year. According to the operator's estimates, the total reserves of the Kalamkas-Sea and Khazar fields exceed 81 million tons of oil.
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