BMB Munai Lines Up Drilling Rigs for ADE Block in Kazakhstan
BMB Munai has negotiated and executed one year contracts with Oil and Gas Exploration Krakow, a Polish company, and Kezbie and MangistauGeologia, both Kazakhstani drilling companies. The Company will utilize the services of Oil and Gas Exploration Krakow to conduct exploration drilling in the Company's ADE block extended territory. The Kazakhstani drilling companies will perform workover operations on existing and new wells in the ADE block and extended territory.
Mr. Toleush Tolmakov, General Director of BMB Munai's operating subsidiary in Kazakhstan, stated, "We look forward to having the resources of Oil and Gas Exploration Krakow, Kezbie and MangistauGeologia to expand the scope of our ongoing drilling activities. We expect the extensive drilling activities planned for the coming year will help us optimize production from existing wells and to add new production from the drilling of new wells. These drilling activities will continue to implement our strategic plan to transition more of our oil reserves from a probable to a proved classification."
BMB Munai is an independent oil and gas company engaged in the
exploration, development and production of crude oil and natural gas in