Ministry of Energy Plans to Drill 200 Exploration Wells to Discover New Fields
Summary
Kazakhstan's Ministry of Energy has announced a resource replenishment program that includes drilling around 200 exploration and appraisal wells.
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The Ministry of Energy of Kazakhstan has unveiled a program aimed at replenishing the nation's hydrocarbon resource base. To discover new oil and gas deposits, the ministry plans to facilitate the drilling of approximately 200 exploration and appraisal wells.
Details of the new strategy were presented in Atyrau during the KAZDRILLING industry conference. The program outlines drilling targets as well as plans to streamline subsurface use auctions.
Vice Minister of Energy Yerlan Akbarov noted that expanding the scale of geological exploration is a critical requirement for maintaining the long-term stability of the energy sector.
Source: Kursiv
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