- Kazakhstan plans to reallocate or sell more than 100 onshore and offshore oil and gas blocks, hoping to find new owners of discovered fields and prospective new discoveries, Upstream reports, citing a government lease auction notice.
- Oil and gas blocks that will have received expressions of interest will be put up for bidding for exploration and production licenses in an online auction.
- In recent weeks, Kazakhstan has seen a significant drop in its oil production, due to both planned and unplanned maintenance of major oilfields and critical export infrastructure.
Kazakhstan Prepares Huge Oil & Gas Lease Tender
