Statoil, KazMunaiGas to explore Caspian block

    Statoil and KazMunaiGas signed a heads of agreement to explore the Abay block in Caspian Sea off Kazakhstan.     The two firms will establish a company that will serve as operator and shoot seismic and drill an exploratory well. The block is in 8-10 m of water 65 km from shore and...