Kazakhstan’s 12th hydrocarbon licensing round puts 30 suboil plots across roughly 53,000 sq km on offer, backed by more than 9 billion preliminary estimated hydrocarbon resource potential. With signature bonuses from USD 30,000 and minimum work commitments mostly sitting between USD 2 million and USD 3 million per block, the 29 July auction opens a wide range of entry points alongside bilateral partnerships already advancing with BP, Sinopec, Eni, Chevron and Shell. What’s on offer Kazakhstan’s 12th hydrocarbon auction round comes…
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