Kazakhstan has partnered with Chevron, a leading American energy company, to explore new gas reserves, as reported by Trend. QazaqGaz, Kazakhstan’s national gas company, has signed an investment agreement with Chevron to investigate gas deposits at the Zhalibek site in the Aktobe region.
The initial phase of this partnership will involve reprocessing and analyzing previous seismic exploration data, a process funded by Chevron. Subsequent steps will focus on identifying promising areas and pinpointing locations for new wells to further investigate.
Kazakhstan continues to explore its sedimentary basins for additional geological potential. Identified promising areas are included in the State Subsoil Fund Management Program. For regions managed by QazaqGaz, the company is looking to negotiate with potential investors for joint exploration, with the goal of securing 100% carry financing from partners with the requisite expertise and financial resources.
There are currently no plans to launch new gas fields this year. Chevron, the largest integrated energy company in the US, operates major fields with proven reserves in the US, Australia, and Kazakhstan.
In 2023, Kazakhstan produced 59.1 billion cubic meters of raw gas. Of this, 29.8 billion cubic meters were converted into commercial gas by the country’s refineries. The domestic market received 19.4 billion cubic meters, 4.8 billion cubic meters were used for technological purposes, and 22.2 billion cubic meters were reinjected to maintain reservoir pressure. Additionally, 5.6 billion cubic meters were exported.
