Baku, Azerbaijan, June 20
By Elena Kosolapova - Trend: Karachaganak Petroleum Operating developing Karachagarak oil and gas field in Kazakhstan was fined for 133.7 million tenge (183.51 tenge =$1) for illegal gas flaring, the Prosecutor's Office of West Kazakhstan region reported on June 20.
"Specialized environmental prosecutor's office of West Kazakhstan region detected that Karachaganak Petroleum Operating flared 1,084,753 cubic meters of gas in January 1 - February 13, 2013 without any permission from the authorized body," the Prosecutor's Office said.
The damage to the state hit 133.1 million tenge which were reimbursed by the company.
Moreover, Karachaganak Petroleum Operating was brought to administrative responsibility and fined 600,000 tenge.
Karachaganak field is one of the world's largest fields. It holds estimated hydrocarbons initially in place of 9 billion barrels of condensate and 48 trillion cubic feet of gas, with estimated gross reserves of over 2.4 billion barrels of condensate and 16 trillion cubic feet of gas. Karachaganak is accounting for some 40 per cent of the country's total gas production and around 13 per cent of total liquids production. In 2013, the venture produced some 136.03 million barrels of oil equivalent.
BG Group has 29.25 percent in the project, Eni - 29.25 percent, Chevron -18 percent, Lukoil -13.5 percent and Kazakh KazMunaiGas -10 percent.