Operating activities
Company

Operating activities

Isatay project

“Under the terms of the Code of RoK “On subsurface and subsurface use”, IOC LLP has developed the “Exploration Project at the Isatay area ” that defines the geological exploration work program, that includes 2D seismic operations  and exploratory well drilling   under the marine conditions of the Caspian Sea.

The State appraisal of basic design documents and development analysis of the Central Committee for exploration and development of hydrocarbon deposits of the Ministry of Energy of RoK approved the Exploration project in 2018.

Summary of the operational activities carried out in 2019:

  • the reprocessing of old KCS seismic data acquired in 1995/1996
  • the processing  of new data acquired in 2019  
  • the seismic interpretation of the above-mentioned  data

The following types of studies have been started and will be continued in 2020:

  • the reprocessing of old KCS seismic data acquired in 1995/1996
  • the processing  of new data acquired in 2019  
  • the seismic interpretation of the above-mentioned  data
  • the identification of the location of the exploration well

Abay project

In 2019, the Baseline Environmental Study has been successfully completed.

Several tenders have been launched and the following project documents were developed:

  • the Hydrocarbon Exploration Project at the Abay area  and the related Pre-EIA project
  • The Technical Project  to carry out the site survey  at the well location on the Abay structure and the related EIA
  • The Technical Project  to construct the Abay-1  exploratory well and the related EIA

In 2020, public hearings will be held to obtain all the necessary permits and appraisals of the above documents by the competent authorities.

In the summer of 2020 the site survey at the well location will be carried out for the optimal rig positioning.

The Abay 1 well construction will follow.

Republic of Kazakhstan, 010000 Astana 18 Dostyk Street, Moskva BC, 10th Floor