How Kashagan's oil field overhaul affect Kazakhstan's oil industry?

Oil&Gas Materials 17 May 2019 18:23 (UTC +04:00)

Baku, Azerbaijan, May 17

By Nargiz Sadikhova - Trend:

In April 2019 the volume of oil and gas condensate extraction in Kazakhstan amounted to 6.546 million tons which is a decrease of 12.6 percent compared to March 2019, Trend reports via Inbusiness news agency.

The overhaul of Kashagan is among the reasons for the decrease.

In the middle of April 2019 the Kashagan operator North Caspian Operating Company launched the capital repair of the field. The overhaul includes the full shut down to undertake the technical compliance inspection and the maintenance and repair operations.

“After the capital repair is done it is estimated that by June 2019 the volume of oil extraction of the field will reach 370,000 barrels a day,” the report said.

In the end of 2018 the volume of oil extraction in Kashagan amounted to 330,000 barrels a day. Based on the initial plans of NCOC it was estimated that by the end of 2017 the volume of extraction will reach 370,000 barrels a day, but due to the intake capacity problems of the formation a number of technical difficulties arose.

Kashagan is the first Caspian sea oil field of Kazakhstan, as well as the largest investment project of the country. The marketed production of oil on the field began on November 1, 2016.


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