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Chevron (CVX), QazaqGaz Sign a Gas Exploration Agreement [Yahoo! Finance]
Last chevron corporation earnings: 5/1 06:45 am
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US:NYSE Investor Relations: chevron.com/investors
Munaigas Inc. with QazaqGaz, Kazakhstan's national gas company. This partnership is focused on the geological exploration of potential gas resources at the Zhalibek site in the Aktobe region, near the Zhanazhol and Urikhtau fields. The agreement marks a key moment in CVX's longstanding relationship with Kazakhstan, spanning over three decades. Background of the Agreement Negotiations and Preparation: In the past year, CVX and QazaqGaz have engaged in detailed negotiations and technical preparations for the Zhalibek project. This collaborative effort highlights the companies' commitment to advancing Kazakhstan's energy sector through strategic gas exploration and development. Scope of the Project: In the initial phase, CVX plans to reprocess existing seismic data and conduct thorough technical interpretations at the Zhalibek site. This step is crucial for identifying potential gas condensate or oil and gas condensate fields, which can enhance Kazakhstan's commercial gas resource
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