REPSOL EXPLORACION KAZAKHSTAN S.A.
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"We consider Kazakhstan a priority country in our strategy for consolidation and growth in Central Asia".
Repsol is involved in the Republic of Kazakhstan since 1998, when the Almaty office was opened for completing negotiations and managing the Baiga-ninsk Block located in the Aktubinsk province. In 1998, this block was awarded to the consortium that comprises Repsol (60% operator) and Enterprise Oil (actual Shell) (40%). After completing all requested acquisition and seismic processing in 2000, the drilling of two wells (Oymaut-1 & Koyantakyr ■1) in 2002, and a final Geological & Geophysical evaluation in 2003, due to negative exploration results this Block was relinquished in 2004. As a contribution to the regional evaluation of the country potential, a complete geological study report of the Baiganinsk area was delivered to the National Geological Committee.