Astana held high-level talks, and CNOOC and KMG finalized the progress path of the Zhyloi project. The preparation for 3D seismic exploration under the 50-50 equity model has entered the final stage.

This project is the first one for CNOOC to enter the exploration field in Kazakhstan, establishing the Zhylyoi Operating LLP operating company, and the exploration period funds will be borne by the Chinese side. The project is currently reprocessing 400 kilometers of 2D historical seismic data, and the preparation for 400 square kilometers of 3D seismic exploration is nearing completion. The plan is to drill 2000 meters of salt exploration wells, and based on the results, determine the implementation of 4500 meters of salt exploration wells. Both parties are simultaneously expanding their cooperation in oilfield services and collaborating in various aspects of talent cultivation for drilling wellbore technology. The project not only helps Kazakhstan share the exploration pressure, but also opens up the upstream market entrance for CNOOC. The transition from exploration to commercial development will become an important observation point for the effectiveness of cooperation between the two sides.