ExxonMobil eyes unconventional hydrocarbon resources in Kazakhstan
ExxonMobil is interested in the unconventional hydrocarbon resources of Kazakhstan, representative of Ministry of Industry and New Technologies of Kazakhstan told Trend news agency on Wednesday.
"ExxonMobil has expressed interest in unconventional hydrocarbon resources in the frame of a memorandum signed between KazMunaiGas, KazMunaiGas Exploration Production and ExxonMobil Kazakhstan North Caspian Onshore Exploration Limited," the source said.
In particular, the company has expressed interest in the possibility of studying the potential of shale gas development in Kazakhstan.
The reserves of shale gas in the country have not been fully studied, the ministry representative said. In addition, work on the determination of promising areas for exploration and development of shale gas have not yet been launched.
ExxonMobil is the world leader in exploration and production of unconventional hydrocarbon resources. Shale gas which is produced from shale, consists mainly of methane.
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