“We are not alone in experiencing difficult times, and we must increase production, while drilling wells cheaper, and faster than ever before. This being said, it is important that everyone gathered here today understands this - I will not drill uneconomical wells”.

Chris Hopkinson, Deputy Chairman of the Management Board, JSC NC KazMunayGas

With the second ­largest oil reserves as well as the second ­largest oil production among the former Soviet Republics after Russia, Kazakhstan is at the forefront of the oil and gas sector in the Caspian region. The 1st KDR, Kazakh Drilling Roundtable, took place in Astana on the 17th of September 2015. It was fully supported under the Platinum Sponsorship and General Event Partnership of JSC NC KazMunayGas. The KDR was a great opportunity for operators and service companies to share knowledge and experience and develop a better understanding of the technology challenges faced by the industry.

As the first in a planned series of specialized roundtable, oil and gas events, to be held in Kazakhstan in association with JSC NC KazMunayGas, the KDR set benchmarks for the future development of the industry and allows international companies to build long lasting business relationships with the key players in the Kazakh Oil and Gas sectors.

The KDR is an oil and gas event in Kazakhstan which is designed to specifically target the drilling industry.

KDR 2016 News

KNOC to pull out of Kazakh field

KNOC to pull out of Kazakh field

State-owned Korea National Oil Corporation (KNOC) is in talks with the Kazakhstan government to pull out of an oilfield project due to disappointing exploration results...

Tethys: Planning for Kazakh Growth

Tethys: Planning for Kazakh Growth

Tethys Petroleum Limited today provided a Corporate Update to shareholders. Olisol Transaction Update, US$10 million loan facility in Kazakhstan, Forward Work Program

TCO: Tengiz Field Waiting on Final Decision for 12m Ton Increase in Production

TCO: Tengiz Field Waiting on Final Decision for 12m Ton Increase in Production

It is planned to adopt a final decision on financing the Wellhead Pressure Management Project / Future Growth Project (WPMP / FGP) of the Kazakh field Tengiz in the first half of 2016, according to the information on the results of activities of the Ministry of Energy of Kazakhstan for 2015 and the tasks for 2016, published on the ministry’s website...

Halliburton and Baker Hughes: Response to EU's Phase II Review of the Acquisition

Halliburton and Baker Hughes: Response to EU's Phase II Review of the Acquisition

Halliburton Company and Baker Hughes Incorporated today noted the decision by the European Commission to initiate a Phase II review of Halliburton’s pending acquisition of Baker Hughes. This decision is a normal step in the Commission’s review process, and the views expressed by the Commission at this stage are preliminary only

Tethys Petroleum: AGR Energy Calls in $7.5m Debenture

Tethys Petroleum: AGR Energy Calls in $7.5m Debenture

Tethys Petroleum Limited announces that it has received an Accelerated Repayment Notice from AGR Energy Limited No 1 in relation to the unsecured convertible debenture issued by Tethys to AGR Energy on 15 May 2015...

Tethys Petroleum: Extends Olisol Exclusivity Period

Tethys Petroleum: Extends Olisol Exclusivity Period

Tethys Petroleum Limited announces that is has agreed to extend the previously agreed exclusivity period with Olisol Investments Limited (“Olisol”) by 14 days to 11:59 p.m. Calgary time on December 7, 2015...

Roxi: Spuds Deep Well A6

Roxi: Spuds Deep Well A6

Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to further update the market with news of progress at its flagship BNG asset...

CNPC: Looks at Kazakh Asset Purchase

CNPC: Looks at Kazakh Asset Purchase

China National Petroleum Company (CNPC) has shown interest to the project Eurasia on the territory of Kazakhstan, Energy First Vice Minister Uzakbai Karabalin said on September 29 in Astana...

KMG EP: Abat Nurseitov Resigns as CEO

KMG EP: Abat Nurseitov Resigns as CEO

JSC KazMunaiGas Exploration Production announces that the Abat Nurseitov, Company’s CEO, has tendered his resignation as the Company’s CEO (Chairman of the Management Board) and member of the Board of Directors...

Condor Announces 2015 Second Quarter Results

Condor Announces 2015 Second Quarter Results

Condor Petroleum Inc. is pleased to announce the release of its Unaudited Interim Consolidated Financial Statements for the three and six months ended June 30, 2015, together with the related Management’s Discussion and Analysis...

KMG EP: Extends Ozenmunaigas’ Uzen and Karamandybas Subsoil Contracts

KMG EP: Extends Ozenmunaigas’ Uzen and Karamandybas Subsoil Contracts

JSC KazMunaiGas Exploration Production is pleased to announce that addendum No.5 to contract No.40, dated 31 May 1996, has been signed to extend the contract for development of Uzen and Karamandybas oil fields of Mangystau Province between the Kazakh Ministry of Energy and Ozenmunaigas

KMG E&P: 1H Results – Production Up 0.3%

KMG E&P: 1H Results – Production Up 0.3%

JSC KazMunaiGas Exploration Production announces its operating results for the first six months of 2015. KMG EP, including its stakes in Kazgermunai, CCEL and PetroKazakhstan Inc., produced 6,122 thousand tonnes of crude oil (250 kbopd) in the six months of 2015

Max Petroleum: AGR Energy Invests $13.8m Plus Further Loan Capital

Max Petroleum: AGR Energy Invests $13.8m Plus Further Loan Capital

Max Petroleum announces a conditional cash subscription by AGR Energy to raise US$13.8 million (£8.98 million) before expenses for 3,834,590,973 new Ordinary Shares at a price of 0.2341 pence per share such that AGR Energy will hold 63.8% of the Enlarged Issued Share Capital immediately following completion of the Subscription...

Nostrum Oil & Gas: Approaches Tethys Petroleum

Nostrum Oil & Gas: Approaches Tethys Petroleum

Nostrum Oil & Gas PLC announces that, following the recent announcements by Tethys regarding its strategic collaboration with and financing by AGR Energy, Nostrum has made a further approach to the Board of Tethys regarding a possible offer for the entire issued share capital of Tethys...

KBM: Granted 15 Year Extension on the Karazhanbas Oilfield

KBM: Granted 15 Year Extension on the Karazhanbas Oilfield

KBM has been granted an extension of its subsurface use contract to explore, develop, produce and sell oil from the Karazhanbas oilfield for a further period of 15 years commencing from its original expiry date in 2020 by the relevant governmental and regulatory authorities in Kazakhstan...

Roxi Petroleum: Grants Three Year BNG License Extension

Roxi Petroleum: Grants Three Year BNG License Extension

Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to announce that the licence for its flagship BNG Contract Area has been successfully renewed for a further period of 3 years ending on 7 June 2018...

ENI: Completes Kazakhstan’s Isatay Block Deal

ENI: Completes Kazakhstan’s Isatay Block Deal

The Chairman of KazMunayGas’ (KMG) Management Board, Sauat Mynbayev, and Eni’s CEO, Claudio Descalzi, finalized today, in the presence of the President of the Republic of Kazakhstan, Nursultan Nazarbayev, and the Italian Prime Minister, Matteo Renzi...

Tenaris: KPO Experiences the Benefits of Dopeless Technology

Tenaris: KPO Experiences the Benefits of Dopeless Technology

Karachaganak Petroleum Operating (KPO) conducted a field trial in the gas condensate Karachaganak field, located in the West Kazakhstan region, to evaluate the performance of Dopeless® technology. The oil and gas company jointly operated by BG Group and ENI witnessed first-hand how TenarisHydril Blue® Dopeless...

Beyond Oil and Gas: Kazakhstan Bets its Future on Reform

Beyond Oil and Gas: Kazakhstan Bets its Future on Reform

Recent events in Ukraine and Russia’s anti-Western rhetoric and military posture force European energy consumers to look for alternatives for Russian hydrocarbons. One of the possible suppliers of both oil and gas could be Kazakhstan, which boasts the largest hydrocarbon resources in the oil-rich Caspian basin...

ONGC Videsh to Invest $400m on Satpayev

ONGC Videsh to Invest $400m on Satpayev

ONGC Videsh Limited (OVL), the external arm of state-run explorer Oil and Natural Gas Corporation, will invest up to $400 million for exploration activities in Kazakhstan, an official said on Wednesday...

Kazakhstan: To Develop the Caspian Depression

Kazakhstan: To Develop the Caspian Depression

Kazakhstan plans to form a consortium with global energy companies to explore and develop potentially huge hydrocarbon reserves in the Caspian Depression, Energy Minister Vladimir Shkolnik said on Monday...

Roxi Petroleum: Galaz Sale to Fund BNG Development

Roxi Petroleum: Galaz Sale to Fund BNG Development

Further to the announcement of 10 February 2015, Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to announce that the sale of the Company’s equity and debt interests in the Galaz Contract Area to a consortium led by Xinjiang Zhundong Petroleum Technology Co...

Rosneft Sets Another Drilling Speed Record

Rosneft Sets Another Drilling Speed Record

Another record of commercial drilling speed at the continental part of Russia was set at Ust-Tegusskoye field of RN-Uvatnefregaz, a Rosneft subsidiary. 2849 m – deep controlled directional well No.2948 was drilled in 7.5 days with the drilling speed of 11441 MTR/RIG per month...

Tethys Petroleum: Q1 Results

Tethys Petroleum: Q1 Results

Tethys Petroleum Limited today announced its Results for the quarter ended March 31, 2015. Q1 Financial Highlights (all figures reported in USD millions). Oil and gas revenue of USD5.95m (2014: USD6.78m). Gas revenue increased 97% to USD4.71m (2014: USD2.39m)

Naftagaz Produces RDCR 2015 Video – Take a Look here!

Naftagaz Produces RDCR 2015 Video – Take a Look here!

Naftagaz, Platinum Sponsor to the recent RDCR held on the 9th April at the Kempinski Baltschug Hotel in Moscow, have released a video focussing on the event and the benefits they received from sponsoring and attending. Whether you attended the 3rd RDCR or not – this video is well worth a view!