Shalkar Gas Exploration Project
PROJECT ID
90520251
SECTOR
Oil & Gas
PROJECT PHASE
Engineering Design & Planning
LOCATION
Aktobe Region, Kazakhstan
START DATE
6/1/2025
INVESTMENT VALUE
$ NA
Active
Verified
Last Updated: 25 April 2026
Publication: 9 May 2025
PROJECT DESCRIPTION
The Shalkar Gas Exploration Project is a strategic initiative aimed at expanding Kazakhstan's natural gas resource base. Located in the Aktobe region, the project is a collaboration between the national gas company QazaqGaz and the private investor KOR Oil Company JSC. Shalqar Energy LLP serves as the project operator. The project involves the drilling of exploratory wells to assess gas reserves, with the first well scheduled for June 2025. Geological and preparatory work has been completed, including the analysis of seismic data and basin modeling. The project operates under an Improved Model Contract (IMC), offering incentives at the produc... Read more
Involved Companies & Contacts
INVOLVED COMPANIES & CONTACTS
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COMPANY 2 INFO
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Location
Locations shown on the map are for indicative purposes and may vary from actual locations.
Other important details
The project is implemented under an Improved Model Contract (IMC), providing preferences at the production stage to enhance economic attractiveness.
This is QazaqGaz's first exploration project after being granted the status of a national hydrocarbon company.
The collaboration exemplifies a strategic partnership between a national company and a private investor in the gas exploration sector.
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