China Oil HBP Science to launch gas processing at Kazakhstan's Kashagan
BAKU, Azerbaijan, Jan.15
By Nargiz Sadikhova - Trend:
China Oil HBP Science & Technology, which offers oilfield services will implement a gas processing plant project at Kazakhstan’s Kashgan oil field, Trend reports with reference to China’s Yicai Global news agency.
The cost of the project’s implementation is expected to be $242 million, whereas plant’s annual capacity will be 1 billion cubic meters.
HBP will provide a detailed project design and all skid-mounted equipment, along with an on-site guide to equipment installation and project commissioning services. The project will last two years, the statement said.
“The processing plant is the first phase of the project, and the second-phase currently under planning will raise capacity to 4 billion cubic meters in the future,” the statement said.
China Oil HBP Science & Technology Co., Ltd provides oil resources development, oil measurement, oil testing, and other services. China Oil HBP Science & Technology also produces oil field equipment, petrochemical environmental protection equipment, and other equipment.
The Kashagan field is one of three largest oil fields located in the northern part of the Kazakh sector of the Caspian Sea. Its recoverable reserves reach approximately 9-13 billion barrels (1-2 billion tons) of oil.
The first commercial oil production started at Kashagan in 2016. The project operator North Caspian Operating Company (NCOC) shipped the first million tons of oil for export in early 2017. NCOC has reached a record breaking volume of oil extraction at the field (390,000-400,000 barrels a day) in 2019.
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