Lukoil and KazMunayGaz have signed HoA on the I-R-2 block in the Caspian Sea, with the intention to negotiate and obtain mineral rights for the block run by a joint venture created for the purpose. I-R-2 lies offshore in the Mangyshlak-Central Caspian Basin, immediately east of the Tsentralnoye offshore field in WD 300-400m.
Lukoil and KMG have signed HOA on the I-R-2 block lies offshore Mangyshlak, immediately east of the Tsentralnoye offshore field, WD vary between 300 and 400 m. The distance to the shore is 130 km. Several 2D seismic surveys covering the block were acquired in previous years.