The oilfield lies some 4,200 meters below the shallow waters of the northern part of the Caspian Sea and is highly pressured (770 bar of initial pressure).
Kazakhstan delegation met with representatives of the U.S. business community in Washington to discuss oil stakes, investments and relations with China and Russia.
South Korean state oil corporation KNOC discovered a new oilfield in Kazakhstan.
Russia and Kazakhstan signed an inter-government agreement on geological exploration of the transborder condensed gas field in September 2010.
Exploration well reached 1,406 meters, where 27 meters of oil and gas deposits were discovered.
Russian oil company Lukoil closed two of three exploration projects at Caspian shelf in Kazakhstan.
The field's oil reserves may reach 200 million tons.
Vladimir Putin said that no oil was found on the Kazakhstan part of the field, but promissed to Russia jointly develop its part with Kazakhstan.
KazAtomProm National Atomic Company is interested in development of Ukrainian uranium fields.
Field heating equipment is being installed at the Central Stadium in Aktobe and will be completed by the end of May.