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Operator of Kazakhstan's Kashagan field to ramp up production

Oil&Gas Materials 16 June 2020 17:43 (UTC +04:00)
Operator of Kazakhstan's Kashagan field to ramp up production

BAKU, Azerbaijan, Jun. 16

By Nargiz Sadikhova - Trend:

North Caspian Operating Company (NCOC) is planning to increase oil and gas extraction within the framework of gas processing plant construction near Kazakhstan's Kashagan oil and gas field, the company’s official told Trend.

The gas processing plant will be built in the Makat district of Kazakhstan’s Atyrau region to accommodate associated gas received at NCOC-operated Kashagan field.

The plant’s putting into operation is scheduled before the end of 2021. The design capacity of the plant will be 1 billion cubic meters a year.

The official emphasized that NCOC’s participation in the project for plant construction is limited only with gas supplies.

“NCOC will continue to ramp up the production of oil and the associated gas to ensure the gas supplies to the refinery,” the official said.

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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