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New strategy for development of Karachaganak gas project prepared

Oil&Gas Materials 15 October 2012 18:55 (UTC +04:00)

Azerbaijan, Baku, October 15 /Trend E. Kosolapova /

A new strategy for the development of Kazakhstan's Karachaganak oil and gas project is being prepared, Marketing Specialist of Karachaganak consortium Elena Lyubyagina told Trend on Monday.

"We have a new shareholder. Therefore, the project is going through the transit stage. There are negotiations about how a strategy for future development of the Karachaganak would look like. It is not yet formalized. There are several options, which are in the development stage," Lyubyagina said.

The National Company of Kazakhstan KazMunaiGas became a shareholder of Karachaganak since the summer of 2012.

As a result of the agreement stake in the Karachaganak consortium are distributed as follows: BG Group (29.25 percent), ENI (29.25 percent), Chevron (18 percent), Lukoil (13.5 percent ) and KazMunaiGas (10 percent).
Karachaganak field is one of the world's largest fields, oil reserves amount to 1.2 billion tons, natural gas - 1.35 trillion cubic meters.

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