Chevron talks crude production in Kazakhstan (Exclusive)
Baku, Azerbaijan, Nov. 2
By Rashid Shirinov – Trend:
Chevron, a US-based energy corporation, produced 117.3 million barrels of oil in Kazakhstan in the first 6 months of this year, the company told Trend.
"Crude production for the first half of 2018 was 14.7 million metric tons or 117.3 million barrels," the message reads.
The company also noted that last year the crude production in Kazakhstan totaled 28.7 million metric tons, or 229 million barrels.
Chevron is the largest private oil producer in Kazakhstan, holding important stakes in two of the country’s biggest oil fields – Tengiz and Karachaganak.
The corporation holds a 50 percent interest in Tengizchevroil, which operates Tengiz.
In addition, Chevron holds an 18 percent interest in Karachaganak Petroleum Operating B.V.
Last year, Chevron’s net daily production at the Tengiz field averaged 272,000 barrels of crude oil, 401 million cubic feet of natural gas, and 21,000 barrels of natural gas liquids. Meanwhile, the net daily production at Karachaganak averaged 33,000 barrels of liquids and 132 million cubic feet of natural gas.