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Kazakhstan to auction 112 geological exploration blocks in 2026

A total of 126 blocks were offered in 2023–2025, while KazMunayGas is exploring 47 blocks and working on 23 projects.

Kazakhstan plans to offer 112 blocks for geological exploration at electronic open auctions in 2026, Energy Minister Yerlan Akkenzhenov said.

Author: Робот Source: Ministry of Energy of Kazakhstan

A drilling rig at a geological exploration site
Kazakhstan plans to auction blocks for geological exploration. Illustrative photo. Photo: Tanner Lin / Wikimedia Commons, CC BY-SA 3.0

Kazakhstan plans to offer 112 blocks for geological exploration at electronic open auctions in 2026. Energy Minister Yerlan Akkenzhenov announced this at a press conference at Үкімет үйі.

Akkenzhenov said 126 blocks were offered at auction in 2023–2025. Kazakh and foreign companies take part, including investors from China and neighbouring countries.

Investor commitments to geological studies and drilling, local content development, procurement of goods and services, and workforce training are among the areas receiving particular attention.

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Asqat Khasenov, chairman of the board of KazMunayGas National Company JSC, said the company is carrying out a geological exploration programme covering 47 blocks and 23 projects. Their resource estimate is 4.7 billion tonnes of oil equivalent.

The company is also conducting seismic surveys across 60,000 linear kilometres. The studies will cover deep geological horizons down to 8,000 metres. The work aims to find new fields and replenish the country’s resource base.

Translated from Russian using artificial intelligence. Source: Ministry of Energy of Kazakhstan

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