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Shalkar Gas Exploration Project

Project ID:

90520251

Project Name:

Shalkar Gas Exploration Project

Project Sector:

Oil & Gas

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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 production stage to attract investment and emphasize the strategic importance of increasing gas production in the country.

Project Phase:

Engineering Design & Planning

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Start Date:

6/1/2025

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Involved Companies

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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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