Kazakhstan ups gas production by 4.3 percent in 2010

Oil&Gas Materials 20 July 2011 20:48 (UTC +04:00)

Azerbaijan, Baku, July 20 / Trend A. Badalova /

The volume of gas production in Kazakhstan in 2010 increased by 4.3 percent up to 34.9 billion cubic meters compared to 33.47 billion cubic meters in 2009. These data are contained in the OPEC's annual statistical report, posted on the official website of the cartel.

According to OPEC, the proven gas reserves in the country as of 2010 amounted to 1.95 trillion cubic meters.

Kazakhstan's proven oil reserves as of late 2010 is estimated at 39.8 billion barrels.

According to OPEC, oil production in the country last year was 1.3 million barrels per day, or 6.1 percent more than the production volume in 2009.

A super-giant oil and gas Kashagan field in Kazakhstan in the north of the Caspian Sea. According to Kazakh geologists, Kashagan's geological reserves are estimated at 4.8 billion tons of oil.

Partner-companies for the "Kashagan" project are Eni, KMG Kashagan BV, Total, ExxonMobil, Royal Dutch Shell, ConocoPhillips, Inpex.

The Tengiz Field in western Kazakhstan was opened in 1979. It is one of the deepest and largest oil fields in the world. In April 1993, Tengizchevroil was created after the Kazakh government and Chevron signed the agreement. At present, its partners are: Chevron - 50 percent, KMG - 20 percent, ExxonMobil - 25 percent and LukArko - 5 percent.
The Karachanag Field in northwestern Kazakhstan was opened in 1979. It is one of the largest gas condensate deposits in the world. Its estimated initial hydrocarbon reserves are 9 billion barrels of condensate and 1.37 trillion cubic meters of gas.