About company
General information
As part of the Kazakh-Italian cooperation, Ministry of Energy of Republic of Kazakhstan, NC KazMunayGas JSC and ENI are working together on hydrocarbons exploration of the Kazakhstan sector in the Caspian Sea.
The joint work of two countries resulted in signing of a number of agreements, according to which Italian companies participate actively in implementation of the offshore projects, performing geological exploration.
About the Company
Isatay Operating Company Limited Liability Partnership (hereinafter - the Partnership) was founded on December 27, 2017 in accordance with the Law of the Republic of Kazakhstan No. 220-1 "On Limited and Additional Liability Partnerships" dated April 22, 1998, with the purpose of conducting petroleum operations as the Operator on behalf of subsoil users under the Contract No. 4160-UVS-ME dated June 26, 2015 for joint exploration and production of hydrocarbons at the Isatay area.
Afterwards, in July 2019, Isatay Operating Company LLP was also appointed to act as the Operator under the Contract No. 4752-UVS-ME dated July 26, 2019 for exploration and production of hydrocarbons at the Abay area.
Both of the contracts were concluded between the Ministry of Energy of the Republic of Kazakhstan, National Company KazMunayGas JSC and Eni Isatay B.V. (hereinafter - Contracts).
On March 2023 Isatay block was relinquished before the contractual expiry date (25 June 2023).
Participation shares in the Partnership:
NC KazMunayGas JSC - 50%;
Eni Isatay B.V. - 50%.
Main activities:
-
Conduct petroleum operations, including prospect evaluation survey, geophysical operations, drilling, oil and gas fields development, production, treatment, processing, transportation, storage, as well as distribution, import and export of hydrocarbons, other petrochemicals and gas products both in territory of the Republic of Kazakhstan and abroad, construction, maintenance, decommissioning and liquidation of necessary facilities and buildings;
- Performance of other activities related to duties of subsoil users under Contracts, including in compliance with internal policies and procedures, education and training of Kazakhstan personnel, fulfilling the duties of subsoil users in relation to social or infrastructure projects, etc.
Operations of Isatay Operating Company LLP
The Abay project is being implemented in accordance with the Contract No. 4752-UVS-ME dated July 26, 2019 for exploration and production of hydrocarbons at the Abay area in the Kazakhstan sector of the Caspian Sea between the Ministry of Energy of the Republic of Kazakhstan (Competent Authority), the National Company KazMunayGas JSC and Eni Isatay B.V. (hereinafter - the Contract); the related Joint Operating Agreement is dated on March 11, 2019.
The Сontract is concluded for a period of 31 years, which consists of the following periods:
(1) exploration period is 6 years (with a possibility of extension for 9 years for evaluation and test production);
(2) production period is 25 years, including a preliminary period of up to 3 years, subject to compliance with the requirements of Article 119 of the Code of the Republic of Kazakhstan No. 125-VI ZRK "On Subsoil and Subsoil Use" dated December 27, 2017.
Subsoil users:
NC KazMunayGas JSC - 50%,
Eni Isatay B.V. - 50%
Operator - Isatay Operating Company LLP
General information:
Location: North-Eastern part of the Kazakhstan sector in the Caspian Sea
Contract area - 1233.87 sq. km.
Water depth: 6 - 9 m.
Distance to logistics base (Bautino): 160 km.
Main research targets within the post-salt complex of the Abay area are Cretaceous and Jurassic terrigenous deposits.
Operation details:
- Environmental monitoring is performed by climatic seasons
- Exploration plan of the Abay area has been approved
- Technical project with EIA for conducting site survey at the drilling well location has been approved
- Technical project with EIA for the well construction has been approved
- Site surveys have been implemented at the drilling well location in 2020 and 2024
- Environmental monitoring was performed during site survey
- Measures have been taken to release young sturgeon species in the Zhaiyk river as part of compensation for damage to fishery resources during site survey
- Long lead items have been purchased
- Geomechanics survey of geological data has been conducted
- Drilling rig was inspected
- Blowout safety plan was developed
- Relief well plan and ejection velocity modeling have been developed to ensure readiness for emergency well killing using an additional rig
- Environmental control program has been developed, industrial environmental monitoring has been performed at the Abay area (summer, autumn).
- Pre-drilling activities
- Exploration Drilling operations (3rd quarter 2024)