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KazMunayGas, Ministry of Energy & Total Sign a Memorandum of Cooperation

Source: www.gulfoilandgas.com 7/30/2019, Location: Asia

JSC NC “KazMunayGas” (KMG), the Ministry of Energy of the Republic of Kazakhstan and Total E&P Kazakhstan signed a Memorandum of Understanding in digitalization in the petroleum industry. The Memorandum has been signed in the course of the visit of the French Minister of Economy and Finance Bruno Le Maire to the Republic of Kazakhstan.

In accordance with the signed document, the parties intend to render assistance to the government agencies and other entities in the implementation of the “Digital Kazakhstan” national programme and the subsequent process of developing the petroleum industry digitalization.

Consultations on digitalization, implementation of the digitalization initiatives by drawing on Total's example, improvement of data management, rendering assistance in the staff training and development of competence, promotion of educational initiatives etc. are planned within the framework of the cooperation.

Total is among the top 10 global petroleum majors. That is why their experience in the petroleum industry digitalization and utilization of the latest technology will enable Kazakhstan to adopt the best practices in order to improve the operational performance and increase the oil and gas asset figures.

The memorandum singed will not only facilitate cooperation between the two companies, but will considerably expand its limits as well, – Zhakyp Marabayev, KMG's Deputy Chairman of the Management Board for Operations, noted.

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