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Kazakhstan Launches Major Oil Projects in Caspian Sea

The companies established the Kalamkas-Khazar Operating joint venture to serve as the project operator.

Construction of offshore platforms is set to begin in 2026 at Kazakh shipyards, aiming to expedite production at the Kalamkas-Sea field.

This initiative is expected to attract direct investments of at least six billion dollars and create approximately 2,000 jobs during construction, with an additional 300 positions during the operational phase.

The Kalamkas-Sea field is located in the central part of the northeastern sector of the Caspian Sea, 64 kilometers from the coast. The sea depth in this area is approximately seven meters. The deposit spans nearly 50 kilometers in length and up to six kilometers in width.

The Khazar deposit is located 30 kilometers southwest of the Kalamkas-Sea and 65 kilometers northwest of the Buzachi Peninsula.

Both fields have been explored and confirmed to hold significant reserves, which will contribute substantially to Kazakhstan’s energy balance.

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