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FACTBOX-Kazakhstan oil blocks offered to investors

Thu Feb 21, 2008 7:06am EST

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ALMATY, Feb 21 (Reuters) - Kazakhstan announced on Thursday it would abandon subsoil contracts favoured by oil companies due to their liberal tax regime but keep existing production sharing agreements intact.

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Below is a list of key offshore oil blocks that Kazakhstan, a Caspian nation of 15 million, may offer investors in the near future. All numbers provided by the government.

DARKHAN

- Located in the centre of the Caspian Sea

- Reserves estimated at 1.5 billion tonnes (11 billion barrels), which makes it the largest item among new blocks

- Negotiations with Chinese-led consortium which includes CNPC have lasted several years

"N" (ALSO KNOWN AS NURSULTAN)

- Located in the south of the Caspian Sea

- Reserves estimated at 637 million tonnes (4.65 billion barrels)

- Royal Dutch Shell (RDSa.L) and ConocoPhillips (COP.N) once competed for the block, according to industry sources

- Kazakhstan last year awarded the PSA to state company KazMunaiGas [KMG.UL] which is likely to invite a foreign partner

ZHAMBYL

- Located in the north of the Caspian Sea

- Reserves estimated at 172 million tonnes (1.26 billion barrels)

- The government signed a memorandum of understanding with a consortium of South Korean companies: KNOC, SK Corp, LG Corp (066570.KS), Daesung and Samsung [SAGR.UL].

ABAI

- Located in the north of the Caspian Sea

- Reserves estimated at 387 million tonnes 2.8 billion barrels)

- The government has signed a memorandum of understanding with Norway's Statoil.

ISATAI

- Located in the north of the Caspian Sea

- Reserves estimated at 240 million tonnes (1.75 billion barrels

- Potential project partners have not been named.

SATPAYEV

- Located in the north of the Caspian Sea

- Reserves estimated at 253 million tonnes (1.85 billion barrels)

- The government signed a memorandum of understanding with India's ONGC in 2005, but the final agreement is yet to be reached. (Writing by Olzhas Auyezov; editing James Jukwey)



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