Shell Commits 100 Million Tenge for 1,377 m² Zhanaturmys Exploration Through 2032
Shell's Kazakhstan unit signed a geological exploration contract for the Zhanaturmys site in Aktobe covering 1,377 square meters. The pact commits at least 100 million tenge toward technical assessments and potential deep-well drilling through 2032, underpinning long-term hydrocarbon evaluation and regional socio-economic development.
1. Exploration Agreement and Financial Commitment
Shell's Kazakhstan subsidiary entered a geological exploration pact for the Zhanaturmys field in the Aktobe region, covering 1,377 square meters and pledging at least 100 million tenge to support technical work and local development initiatives.
2. Technical Evaluation and Socio-Economic Impact
The contract outlines seismic studies and a potential deep exploration well as part of assessments through 2032, aiming to bolster Kazakhstan's long-term hydrocarbon potential while funding regional socio-economic projects.