Eni reveals equity output at Kazakhstan’s Karachaganak, Kashagan fields

Oil&Gas Materials 8 May 2019 11:53 (UTC +04:00)

Baku, Azerbaijan, May 8

By Leman Zeynalova – Trend:

Equity production of Eni S.p.A, an Italian multinational oil and gas company, from Karachaganak oil and gas condensate field in Kazakhstan has been in excess of 83,000 barrels of oil equivalent per day (kboepd) in the first quarter of 2019, the company told Trend.

This is while Eni equity production from Kashagan asset has been around 67 kboepd in the first quarter 2019.

Eni said its equity production expected in 2019 in Kazakhstan is in excess of 150 kboepd.

Karachaganak is one of the largest oil and gas condensate fields in Kazakhstan. Karachaganak Petroleum Operating produces oil and gas from the Karachaganak field. The shares in the consortium are as follows: Eni - 29.25 percent, Royal Dutch Shell - 29.25 percent, Chevron - 18 percent, Lukoil - 13.5 percent and KazMunayGas - 10 percent.

The total oil reserves of Kashagan reach 38 billion barrels, of which about 10-11 billion barrels are recoverable. At the same time, natural gas reserves exceed one trillion cubic meters.

Eni has been present in Kazakhstan since 1992. Eni is joint operator of the Karachaganak field and is an equity partner in various projects in the Northern Caspian Sea, including the giant Kashagan field. In 2018 Eni became joint operator in the exploration block Isatay, with the national company KMG.


Follow the author on Twitter:@Lyaman_Zeyn