Eni in Kazakhstan for Cooperation in Technological Upstream Ventures

Graphic for News Item: Eni in Kazakhstan for Cooperation in Technological Upstream Ventures

Eni’s subsidiary Agip Caspian Sea B.V today has signed two memoranda of understanding (MoU) in Nur-Sultan, Kazakhstan. The agreements sanction the company’s commitment towards projects aimed at promoting technological cooperation in the oil and gas upstream exploration and production, as well as the unveiling of an initiative for the creation of sustainable value and the promotion of culture.

The first MoU will see Eni and KazMunayGas JSC (KMG) work to expand technological cooperation and exchange best practices and know-how in the oil and gas upstream exploration and production sector. In addition, the agreement aims at assessing potential joint development of specific upstream projects, as well as working towards the implementation of a training program for the personnel of KMG group of companies.

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For the second agreement, Eni, the Italian Embassy in Kazakhstan and the Eurasian National University L.N. Gumilyov, the largest academic institution in Kazakhstan committed in the teaching of foreign languages, inaugurated the opening of the Italian Culture Centre (ICC) “Enrico Mattei” in the university premise. The MoU aims to establish principles to regulate the cooperation between the three parties for the opening and running of the ICC for the purpose of promoting the Italian language and culture in Kazakhstan, through courses and other initiatives, with the goal of strengthening the relations between the countries.

Eni has been present in Kazakhstan since the early 1990s. Over time, it has maintained a strong presence in two of the largest projects in the country as it co-operates in the Karachaganak filed and is a partner in the North Caspian Sea Production Sharing Agreement (NCSPSA) for the giant Kashagan Field. In 2017, together with the national company KazMunayGas Eni became the joint subsoil user and joint operator for the offshore exploration block Isatay. The 2018 Eni has taken the final investment decision to build, develop and operate the Badamsha plant – a 50 MW wind farm located North West of Kazakhstan.

Source: www.oilandgasmiddleeast.com

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