QazaqGaz and CNPC discuss Severny-1 exploration project

Kazakhstan's QazaqGaz National Company and China National Petroleum Corporation (CNPC) have discussed prospects for expanding strategic cooperation, including the Severny-1 exploration project. QazaqGaz Management Board Chairman Alibek Zhamauov met with CNPC President Zhou Xinhuai.

The parties discussed developing the strategic partnership, implementing joint projects, expanding investment cooperation and new opportunities for Kazakhstan's gas industry. Zhamauov noted the importance of long-standing cooperation with CNPC. Special attention was paid to implementing the Severny-1 project and studying new areas.

In April 2026, the Ministry of Energy of Kazakhstan, QazaqGaz and CNPC-AktobeMunaiGas signed a contract for hydrocarbon exploration at the Severny-1 subsoil site in the Aktobe region. The project provides for 2D and 3D seismic surveys, as well as drilling independent and dependent exploratory wells. The total investment in geological exploration is estimated at 3.5 billion tenge (about $7.3 million).