BAKU, Azerbaijan, Nov. 26
By Nargiz Sadikhova - Trend:
Oil output at Kazakhstan’s Kashagan oil field has reached 50 million tons, Trend reports citing North Caspian Operating Company N.V. (NCOC), the Operator of the North Caspian project.
The NCOC said this is yet another milestone for the project since it began operations in 2016.
Currently, the company safely continues production operations ensuring the stability, reliability, and integrity of equipment for oil production as part of Phase 1 of the Kashagan development despite the limited workforce at the facilities due to safety measures taken to prevent the spread of COVID-19.
North Caspian Operating Company (NCOC) operates a major Kashagan oil field in Kazakhstan’s Atyrau region.
The Kashagan field is one of the 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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