Middle East Economic Survey
VOL. LIV
No 14
1-Apr-2011
CASPIAN
KMG And Statoil Sign Exploration Agreement For Abay Offshore Oil Field
Kazakh state firm KazMunaiGaz (KMG) announced on 30 March that it has signed a heads of agreement with Norways Statoil for the establishment of a joint venture for exploration work in the Abay offshore oil field. The work program will include seismic data acquisition and the drilling of one exploration well. The field lies in 8-10ms of water around 65km...
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