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Akkuduk Gas Exploration Project
Project ID:
70520251
Project Name:
Akkuduk Gas Exploration Project
Project Sector:
Oil & Gas
Project Description
The Akkuduk Gas Exploration Project is a collaborative initiative between Kazakhstan's national gas operator, QazaqGaz, and the private entity KOR Oil Company. Situated in the Mangystau region, the Akkuduk site is a well-explored geological block with confirmed gas reserves. The project aims to accelerate geological exploration and development in line with the President's directive to expand the nation's gas resource base. Key activities include conducting seismic surveys and drilling exploratory wells to assess the site's potential fully. Infrastructure development is also a focal point to support the exploration and eventual production phases. This partnership exemplifies a strategic public-private collaboration to bolster Kazakhstan's energy sector.
Project Phase:
Initiation & Feasibility
Investment Value:
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Location:
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Start Date:
1/1/2025
End Date:
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Other important details
Public hearings for the project were conducted in December 2024, focusing on environmental assessments and community engagement.
The project aligns with national strategies to enhance energy security and develop the gas sector.
The Akkuduk site is part of broader efforts to increase domestic gas production and reduce reliance on imports
Publication/Revision Date:
5/7/2025