Lukoil has invested $200 million in joint projects with Kazmunaigas at Kalamkas-More, Khazar and Auezov fields. Kazakhstan state company sold Lukoil 50% of Kalamkas-Khazar Operating, which owns licenses for these fields. Deal also provides for payment of additional premium of $100 mln upon fulfillment of conditions precedent. Reserves of Kalamkas-Sea and Khazar fields are estimated at 80 million tons of oil. Production is planned to start in 2028.