Kurmangazy Field

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Kurmangazy is a Caspian oil field with estimated reserves of 0.7-1 billion tons, which locates on the maritime border between Russia and Kazakhstan. It's the least developed of Kazakhstan's upcoming oil field developments. It will be developed jointly by Rosneft and KazMunayGas. The first agreement concerning Kurmangazy field was signed in 2002. The $23 billion worth PSA agreement was signed in July 2005. Oil companies Total S.A. (French-owned) and ONGC (Indian-owned) has shown interest to get a stake in the project.

[edit] External links

• Kazakhstan Country Analysis Brief, by the US Energy Information Administration
• India, Russia plan big oil-gas deals, by The Hindu, 14 November 2004
• Kazakhstan wants to sell 25 % of Kurmangazy to Total, by Alexander Gas & Oil Connections, 5 February 2004
• Kurmangazy: A Risky Proposition, by Silk Road Intelligencer, 1 November 2007