Lukoil announces production plans at Kazakh oil fields (Exclusive)
Baku, Azerbaijan, Nov. 28
By Rashid Shirinov – Trend:
In the first 9 months of 2018, the Russian oil company Lukoil produced 2 million tons of liquid hydrocarbons and 1.1 billion cubic meters of gas in Kazakhstan, the company told Trend.
In 2017, Lukoil produced 3 million tons of liquid hydrocarbons and 1.9 billion cubic meters of gas in the country.
In particular, the company’s production at the Karachaganak field amounted to 1.3 million tons of liquid hydrocarbons and 1 billion cubic meters of gas.
Within the Kumkol and East Kumkol projects, Lukoil produced 0.3 million tons of oil and 26 million cubic meters of gas in 2017.
The company’s production at the Tengiz field was 1.4 million tons of oil and gas condensate and 0.8 billion cubic meters of gas.
"The expected production volume within the company's projects in Kazakhstan will not change significantly in 2018 compared to 2017," Lukoil noted.
LUKOIL has been operating in Kazakhstan since 1995. The company operates at the Tengiz, Karachaganak and Kumkol oil and gas fields of the country and is a member of the Caspian Pipeline Consortium, which transports most of Kazakhstan’s export oil.
Together with Lukoil (13.5 percent share), Eni (29.25 percent), Royal Dutch Shell PLC (29.25 percent), Chevron (18 percent) and KazMunaiGas (10 percent) are engaged in oil, gas and gas condensate production at the Karachaganak field in the east of Kazakhstan.
In the development of the Tengiz field, Lukoil is represented by its subsidiary Lukarko (5 percent). Other shareholders are Chevron (50 percent), ExxonMobil (25 percent) and KazMunaiGas (20 percent). Tengiz ranks second in Kazakhstan in terms of oil reserves.
Also, Turgai Petroleum JSC, which is a joint venture of Lukoil and PetroKazakhstan, operates the Kumkol field.
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