Kazakhstan plans to develop new oil fields
Baku, Azerbaijan, March 28
By Ali Mustafayev – Trend:
Oil contractors, functioning in Kazakhstan, study plans to develop four new oil fields in the Caspian Sea, near the Kashagan field.
The North Caspian Operating Company consortium also continues to evaluate the future phases of development of the Kashagan field, Kazakh media outlets reported.
The company is about to complete significant studies on the choice of the concept of potential development of the Kalamkas-Sea deposits and the nearby Khazar oil field.
Currently, contractors involved in the development of new fields, identify several solutions to reduce costs, in order to ensure the profitability of the project.
The geological reserves of the Kashagan field, from where oil enters the pipelines of the CPC and KazTransOil, are officially estimated at 4.8 million tons of oil. The total oil reserves amount to 38 billion barrels, 10 billion barrels of which are recoverable.