Friday, August 30th, 2013
On the previous day, the state-run oil company announced that it found oil in a Zhambyl well (ZB-1) that it had explored since this May. The Zhambyl block, with an area of 1,935 square kilometers, is located in the northwestern part of the Caspian Sea with a depth of 3 to 8 meters.
Kazakh state-run company Kazmunaigas holds a 73-percent stake in the project while the Korean consortium comprised of eight Korean companies including Korean National Oil Corp. (9.45%), SK Innovation (6.75%), Hyundai Hysco (2.7%), LG International Corp. (2.7%), Aju Industrial (1.35%), Samsung C&T (1.35%), Daewoo Shipbuilding (1.35%), and Daesung Industrial (1.35%) holds the remaining 27-percent stake.