Kazakhstan, Astana, Sept. 18 / Trend D. Mukhtarov /
Commercial oil production at Kashagan field will begin in Kazakhstan in October, Kazakh Oil and Gas Minister Uzakbai Karabalin said at a press conference at the central communications office on Wednesday.
Karabalin reminded journalists that it is necessary to produce at least 75,000 barrels per day for launching commercial oil production at the field. At present, around 40,000 barrels of oil are extracted at the field per day.
"Around 8 million tons of oil are planned to be extracted at Kashagan in 2014," he said.
The minister also said equipment is being adjusted at the field.
Trials of oil production at the Kashagan field began on September 11. Earlier, the start of the field development had been postponed several times since 2005.
Kashagan is a large oil and gas field in Kazakhstan located in the north of the Caspian Sea. Its geological reserves are estimated at 4.8 billion tons of oil. Total oil reserves amount to 38 billion barrels, some 10 billion of them being recoverable reserves. There are large natural gas reserves at the Kashagan field of over one trillion cubic meters.
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