The Ustyurt-1/2 project is a proposed oil and gas exploration initiative in Kazakhstan's Mangystau Region. It covers two prospective blocks within the North Ustyurt Basin. According to bp's Vice President of Exploration, the two blocks have a combined area of approximately 9,700 km². The initiative aims to assess hydrocarbon potential and identify opportunities for future oil and gas discoveries. It forms part of KazMunayGas's broader strategy to expand Kazakhstan's hydrocarbon resource base. On April 2, 2026, KazMunayGas and BP Exploration Operating Company Limited signed an Agreement of Intent covering geological exploration and potential d... Read more