CHK Oil Ltd. Signs MOU with Aral Petroleum Capital to Explore Kazakhstan Oilfields

Reuters
Nov 10
CHK Oil Ltd. Signs MOU with Aral Petroleum Capital to Explore Kazakhstan Oilfields

CHK Oil Limited has announced that its wholly-owned subsidiary, CHK Oil (International) Group Limited, has entered into a memorandum of understanding (MOU) with Aral Petroleum Capital LLP. The two parties intend to explore potential cooperation opportunities relating to the exploration and production of wells in oilfields in the Republic of Kazakhstan. The collaboration may include the provision of tailored oil and gas consulting services and the introduction of innovative technologies to enhance upstream operations. The company emphasized that the MOU is non-binding and only sets out the intentions of both parties. Further developments will be announced if a formal agreement is reached. Shareholders and investors are advised to exercise caution when dealing in the company's shares.

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