Kazakhstan will drill 200 wells to discover new oil
and gas fields and replenish the country’s resource base. According to the
Ministry of Energy, exploration drilling is expected to reach around 80 wells
this year and increase to 120 wells in 2027-2028. The focus will be on underexplored sedimentary basins
with oil and gas potential. To support this effort, the procedure for granting
exploration blocks has been simplified. Once an application is submitted, the
ministry holds an auction within 10 working days. The work program then provides
for seismic surveys covering one-third of the entire block during the first
three years, followed by exploratory drilling. Importantly, Kazakhstan has
established domestic production facilities to manufacture the necessary drilling
equipment. According to the Ministry of Energy, the main objective is to build
a competitive drilling services market, leading to the discovery of new fields,
replenishment of reserves, and the creation of skilled jobs.
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