Exploration

Because of its relationship with the Kazakh government and the parent firm, Kazuz oil enjoys priority access to exploration acreage. The Company has access to new territories secured through direct discussions with the government, in addition to pre-emption rights to purchase existing oil and gas assets offered for sale. This advantage enables the Company to expand its exploration portfolio and compete effectively against the world’s leading oil companies.

The Company believes that Kazakhstan has significant exploration potential, both offshore and onshore. Offshore exploration is now being carried out by Kazuz oil in the areas of Liman, Taisogan, R-9, and the areas surrounding the Uzen and Karamandybas fields. On the surface, the country has been thoroughly explored to a depth of 3–3.5 kilometers. Kazuz oil, on the other hand, feels that there are significant prospective resources down that depth, especially in the subsalt layers.