The Ministry of Energy of the Republic of Kazakhstan, Eni and KazMunayGaz (KMG) have signed the agreement to transfer to Eni 50% of the subsoil use rights of the offshore Caspian Isatay block. This exploration and production agreement was signed on 21 December 2017. The parties (Eni and KMG) will establish a joint operating company which will carry out a work programme in the block. According to Eni, the Isatay block is estimated to have significant potential in geological conditions that are not complex and technologically developable in short time. The Isatay block is located at the southern margin of the Precaspian Basin, east of the Kalamkas-More discovery made by the North Caspian (Kashagan) consortium in which Eni is also a participant.  The water depths at Isatay vary between 4-8 m, the distance to the shore is 40 km. KMG estimates Isatayâs undiscovered resources at 240 MM tonnes of oil equivalent (ca. 1.8 Bb). The Kazakh legislation requires KMG to have a minimum 50% share in any offshore contract. 
Kazakhstan (North Buzachi Uplift (North Ustyurt B.)) Kalamkas-More