Baku, Azerbaijan, April 30
By Elena Kosolapova - Trend:
Oil production at Kashagan field in the Kazakh sector of the Caspian Sea is expected to be resumed in December 2016, Novosti-Kazakhstan quoted Energy Minister Vladimir Shkolnik as saying.
Shkolnik said that the maintenance at Kashagan are realized in compliance with the schedule, and all the work must be completed in December 2016. He told reporters the work is going three weeks ahead of schedule.
Kashagan is a large oil and gas field in Kazakhstan, located in the north of the Caspian Sea. The geological reserves of Kashagan are estimated at 4.8 billion metric tons of oil. The total oil reserves amount to 38 billion barrels, some 10 billion out of them are recoverable reserves. There are large natural gas reserves at the Kashagan field - over one trillion cubic meters.
The production at the Kashagan field started Sept. 2013, but in October, it was ceased after a gas leak in one of the main pipelines. The analysis revealed numerous cracks in the pipeline, which needed to be completely replaced. The replacement was said to take at least two years.
The project participants are KMG Kashagan BV, AGIP Caspian Sea BV, CNPC Kazakhstan BV, Exxon Mobil Kazakhstan Inc., INPEX North Caspian Sea Ltd., Shell Kazakhstan Development BV, Total E&P Kazakhstan.
Edited by S.I.
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