The North Caspian Production Sharing Agreement (NCPSA) was signed by the Republic of Kazakhstan and an international consortium in November 1997. In 1998, exploration for hydrocarbons began in an area of 5,600 sq. km.
The Karachaganak oil and gas condensate field, located in the West Kazakhstan region, is one of the largest oil and gas condensate fields in the world, geological initial reserves of more than 1.7 billion tons of liquid hydrocarbons and more than 1.7 trillion. cub. m. of gas. The field was discovered in 1979, and pilot development of the field began in 1984.
The Dunga oil and gas field is located in the Tupkaragan district of the Mangistau region. Geological reserves of the field are 106 million tons of oil and over 6 billion cubic meters of gas. The field was discovered in 1966.
