BAKU, Azerbaijan, Feb. 24
By Nargiz Sadikhova - Trend:
Karachaganak Petroleum Operating B.V. (KPO) produced 10.9 million tons of stable liquid hydrocarbons in 2020, which is KPO’s historical maximum, Trend reports citing the company.
Total hydrocarbon production, including raw gas export and fuel gas production, was 143.9 million barrels of oil equivalent.
In addition, 10.4 billion cubic metres of raw gas were re-injected into the reservoir, representing 51.3 percent of total gas produced (with additional 2 gas injection wells within 5th gas injection trunk line project).
Despite the downturn experienced by the global oil and gas industry exacerbated by the COVID-19 pandemic, KPO production facilities operated in accordance with safety requirements and 2020 production targets. KPO has reached an important milestone in hydrocarbon liquid processing.
The Karachaganak field, discovered in 1979, is one of the world’s largest gas and condensate fields. Located in north-west Kazakhstan and covering an area of over 280 square kilometers, it holds estimated hydrocarbons initially in place (HIIP) of 9 billion barrels of condensate and 48 trillion cubic feet (tcf) of gas, with estimated gross reserves of over 2.4 billion barrels of condensate and 16 tcf of gas.
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