ExxonMobil's subsidiary in Middle Asia has participated in a new discovery...
ExxonMobil's subsidiary in Middle Asia, ExxonMobil Kazakhstan Inc, has participated in a new discovery in the North Caspian Production Sharing Agreement contract area.
The first exploration well on the Kairan prospect was completed successfully and encountered hydrocarbon bearing intervals.
Kairan is the fifth discovered field on the NCPSA following Kashagan, Kalamkas, Kashagan Southwest, and Aktote.
The North Caspian PSA covers almost 1.4 million gross acres. Among companies involved in exploration are such famous oil majors as ENI, ExxonMobil, BG, ConocoPhillips, Shell and Total.