Geological Exploration

Strengthening the Resource Base Through Exploration

The replenishment and expansion of the resource base is a priority for JSC Embamunaigas. The Company’s geological exploration activities focus on studying prospective areas, assessing hydrocarbon potential and identifying opportunities for further exploration and drilling.

Current Field Portfolio

As of January 1, 2026, JSC Embamunaigas holds 41 fields on its balance sheet.

The current status of these fields is:

  • 32 fields are under development
  • 5 fields are under conservation
  • 4 fields are prepared for return to the state due to depleted oil reserves
  • 1 field has had its contract territory returned

 

This portfolio provides the basis for continued geological assessment and the further development of the Company’s hydrocarbon resource base.

Regional Geological Studies

The Geological Service of JSC Embamunaigas conducts analytical work as part of regional geological surveys.

The analysis of collected geological materials and laboratory research results indicates the need for further study of the post-salt complex along the southern and eastern margins of the Caspian Depression.

The central part of the Caspian region also demonstrates potential for the discovery of small oil and gas fields.

Prospective Exploration Targets

As a result of geological studies, a number of promising pre-salt targets have been identified and recommended for further exploration and drilling.

These areas are subject to additional geological assessment to determine their potential and support decisions on subsequent exploration activities.

Exploration Results

Exploration activities conducted by the Company in recent years have demonstrated a high success rate in both the further exploration of existing fields and the prospecting of new areas.

The results of this work contribute to the identification of additional hydrocarbon potential and support the Company’s long-term objective of replenishing and increasing its resource base.

Looking Ahead

JSC Embamunaigas continues to develop its geological exploration activities through regional studies, evaluation of prospective targets and further exploration of existing fields.

The continued study of promising geological structures is an important part of maintaining the Company’s resource potential and supporting the future development of its oil and gas production activities.