Recently, CNOOC and KazMunayGas formally signed a Joint Activity Agreement and a Financing Agreement to jointly develop the Zhylyoi oil and gas project in the transitional zone of the northeastern Caspian Sea. This marks CNOOC’s first-ever investment in Kazakhstan’s economic sector, utilizing the exploration and development of over 185 million tons of oil reserves as a strategic lever to foster deeper synergy between Central Asia’s energy hub and China’s energy strategy.
The Zhylyoi project, located in the transitional zone of the northeastern Caspian Sea, features exceptionally complex geological formations. Its dual potential—spanning post-salt and pre-salt reservoirs—combines the accessibility of shelf oilfields with the high-reward prospects typical of deepwater exploration.
Under the agreement, the two parties will establish a 50:50 joint venture, with CNOOC fully funding the exploration phase. Advanced techniques, including 3D seismic surveys and ultra-deep drilling (reaching 2,000 meters in post-salt layers and 4,500 meters in pre-salt formations), will be deployed to unlock the region’s geological secrets.
This “risk-sharing, benefit-sharing” model not only alleviates Kazakhstan’s financial burden but also creates an opening for China’s technical standards to integrate into Central Asia’s exploration framework.
Our company is continuously committed to developing more efficient, compact, and cost-effective separation equipment while also focusing on environmentally friendly innovations.For instance, our Crude De-bulky Water System can remove most water content from well fluids, enabling profitable production from high-water-cut oil wells while dramatically reducing operational costs and pipeline transportation requirements. Our team remains relentlessly committed to mastering cutting-edge technologies and pursuing product excellence.
We firmly believe that only by delivering superior equipment can we create greater opportunities for business growth and professional advancement. This dedication to continuous innovation and quality enhancement drives our daily operations, empowering us to consistently deliver better solutions for our clients.
Post time: May-28-2025