Kazakhstan, Astana, March 6 /Trend D. Mukhtarov /
"South-OIL" LLP oil producing company of Kazakhstan developing Kumkol fields in Kyzyl-orda province is going to increase oil production from 745,000 tons in 2012 to 920,000 tons in 2013, the president of the company Serikzhan Seytzhanov told Trend.
"In 2012 the amount of extraction of our company comprised 745 thousand tons. That is by 100 thousand tons more than in 2011. In 2013 we are going to extract 900 - 920 thousand tons of Kumkol oil," Serikzhanov said.
He noted that oil production is planned to be increased through introduction of new technologies including the technology of deep hole-drilling.
"While the previous drilling depth was 1,500 meters, now we are going to drill until the depth of 2,700 meters," he said.
For this purpose the company acquired new equipment.
According to Seytzhanov, part of the oil extracted in Kumkol is sent for refinement to nearby Shymkent oil refinery plant, another part is sent to the Chinese market by the pipeline, and the rest is transported through the Caspian Pipeline Consortium system (CPC).
"We send about 10 - 50 thousand tons per month to China and transport about 15 thousand tons per month through CPC", Seytzhanov stated.
"SOUTH-OIL" was created in 2001 after signing the first contract on subsoil use with the ministry of energy and mineral resources of Kazakhstan.
In 2003 В 2003 году "South-OIL" LLP purchased over 43 percent of shares of "Terenozekmunayonimderi" OJSC, one of the largest oil enterprises in Kyzylorda province.