New well to be drilled at Karachaganak following decision on participants' $2-4 billion payments

The operator of the Karachaganak development, Karachaganak Petroleum Operating B.V. (KPO), plans to drill a new horizontal well at one of the world's largest gas condensate fields – Karachaganak.

"The planned activity provides for the construction of directional production well 98105 (PG_02) at the Karachaganak field... Purpose of drilling: oil production,"...