JSC N “kazmunaygas” and ENI Isatay B.V. Sign a Number of Agreements on the Abai Project

Source Press Release
Company KazMunayGasENI S.p.A. 
Tags Service Contracts, Production/Development, Exploration, Strategy - Upstream, Strategy - Corporate
Date March 12, 2019

On 11 March 2019 JSC NC "KazMunayGas” and Eni Isatay B.V. signed the Joint Operating Agreement (JOA) and the Carry Agreement (CA) for the purpose of joint implementation of the project on the Abai area, located in the Kazakh Sector of the Caspian Sea.

Under the signed JOA and CA, and in accordance with the Subsoil and Subsoil Use Code of the Republic of Kazakhstan, the parties will file a request with the RoK Ministry of Energy for direct negotiations and conclusion of the hydrocarbons exploration and production contract.

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