«Kumkol Oil» LLP is a subsurface user with subsoil use rights for hydrocarbon exploration and production under Contract No. 4919-UVS ME dated 28.05.2021 at «near Kumkol» in the Karaganda and Kyzylorda regions. The contract territory covers 1631.7 square kilometers.
On May 28, 2021, the contract for exploration and production of hydrocarbons was signed between «Kumkol Oil» LLP and the Ministry of Energy of the Republic of Kazakhstan.
The hydrocarbons exploration project near Kumkol was approved on September 17, 2021. According to this project, Kumkolskaya No. 1 well was drilled.
In March 2022, oil inflow was received at Kumkolskaya No. 1 well during the first object testing. Then two more sites were tested, and oil was also obtained.
On January 26, 2023, an addendum to the exploration project was approved. At this time, the report «Operational calculation of oil and dissolved gas reserves at «near Kumkol» is compiled. The report was approved by the Interregional Department «Yuzhkaznedra» and submitted to the Geology Committee for defense at a meeting of the State Reserves Commission of the Republic of Kazakhstan. There are also reports at the completion stage.
«Author’s supervision over implementation of design solutions for «Project of exploration for search for hydrocarbons at «near Kumkol» and the «Addendum No. 1 to the Project of exploration for search for hydrocarbons at site «near Kumkol». The project “Trial operation near Kumkol” is currently being developed.
Further, it is planned to start production during the trial operation of the field with a further transition to commercial production.