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Lucent Petroleum BV is the owner of sub-soil users, Lucent Petroleum LLP, and KazDrillSolution LLP.  The Kazakh operating companies have a 100% interest in the exploration rights on Yuzhnaya and Yuzhnyi exploration blocks, covering 1643 and 4460 sq km respectively in the Atyrau and Mangistau region of Western Kazakhstan. The blocks are located some 40 km south and east of the super-giant Tengiz oil field.
 
COMPANY OVERVIEW
Lucent Petroleum BV (Lucent) is a privately owned Oil and Gas Exploration and Production company operating in Kazakhstan with a large acreage position on an oil and gas condensate trend. The company is appraising both oil and gas condensate discoveries with the intention of starting production in 2023.

Lucent began evaluation of the Yuzhnaya block in 2008. The company has acquired sufficient 2D and 3D seismic and welldata to fully evaluate the area and move from the exploration to production stage.
 
KAZAKHSTAN
Located in Central Asia, Kazakhstan is the ninth largest country in the world, covering an area of approximately 2.7m km2 with a population of c.17m.

Kazakhstan has benefited from a stable social and political environment, together with one of the most developed economies in the CIS. It was the first CIS country to obtain an investment grade rating (currently BBB-) enabling easier access to international capital. Oil and gas legislation allows entry of international investment into the industry at all levels, subject to government approval.

The country contains within its boundaries some of the world’s most significant reserves of natural resources, including, oil & gas, coal, iron ore, and uranium.


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