Zhylyoy Oil Exploration Project
Project phase
Stage 1 of 4
- Initiation & FeasibilityCurrent
- Engineering Design & Planning
- Procurement & Construction
- Commissioning & Operation
Overview
About this project
The Zhylyoy Hydrocarbon Exploration Project is a strategic offshore initiative in the northeastern part of the Caspian Sea, executed as a joint venture between KazMunayGas and CNOOC Hong Kong Holding Limited. On June 24, 2025, the Ministry of Energy of Kazakhstan, KMG, and CNOOC signed a contract for exploration and extraction in this transit zone. The project area spans approximately 958 km² and targets complex geological structures.
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