KazMunaiGas Exploration Production (Kazakhstan) have reached an agreement to jointly explore the White Bear prospect in the UK North Sea
/KASE, September 1, 10/ - KazMunaiGas Exploration Production (Astana), shares of which are listed on Kazakhstan Stock Exchange (KASE), provided to KASE the following press release of August 31, 2010:
quotation starts
JSC "KazMunaiGas Exploration Production" (KMG EP) and BG Group plc (BG Group) today announced the signing of an agreement to farm-in into a BG Group operated licence in the United Kingdom Central North Sea - the production licence (P1722) which contains the White Bear prospect. KMG EP is acquiring a 35% interest in the licence.
The agreement, which was signed today in Astana by KMG EP Chief Executive Officer Mr. Kenzhebek Ibrashev and BG Group Senior Vice President Central Asia and President BG Kazakhstan, Mark Rollins marks the first official venture between KMG EP and BG Group under the terms and conditions of the Upstream Co-operation agreement signed in December 2008.
quotation ends
The press release full version is available on KASE website at:
[2010-09-01]