Shell betters year-on-year performance in Kazakhstan

Oil&Gas Materials 1 July 2020 14:03 (UTC +04:00)
Shell betters year-on-year performance in Kazakhstan

BAKU, Azerbaijan, Jul.1

By Nargiz Sadikhova - Trend:

Royal Dutch Shell’s 2020 year-to-date performance in Kazakhstan has been significantly better than in 2019, Shell official in Kazakhstan told Trend.

Shell through its Kazakhstan-based subisidiary jointly operates Kazakh Kashagan and Karachaganak fields.

Talking COVID-19 affecting its operations in Kazakhstan the official said that 1Q2020 was indeed an unprecedented one for all companies, and Shell Kazakhstan was not an exception.

“Even though the COVID-19 pandemic has significantly altered our daily living and working pattern, it did not translate much into our health & safety performance so far. The operating assets in which we hold equity, Kashagan and Karachaganak, notwithstanding the limitations and changes given RoK restrictions, continue to deliver safely and reliably by meeting production and safety targets,” the official said.

He emphasized that safety of personnel, continuity and cash preservation remain the key aspects of Shell business.

“2020 year-to-date performance (safety and production) at both ventures has been significantly better than in 2019 due to increased production system capacity post planned turnarounds that took place in 2019,” the company official said.

Developed with an estimated investment of $55 billion, Kashagan phase one represents the biggest international investment in Kazakhstan till date. Developed in harsh offshore environment, it is also considered to be one of the world’s most technically challenging oil and gas project completed so far.

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.


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