Baku, Azerbaijan, Jan. 13
By Elena Kosolapova – Trend:
Kazakhstan exported one million tons of oil from Kashagan field as of Jan. 8, North Caspian Operating Company (NCOC), operating the field, told Kazakh “LS” online business magazine.
Oil production at Kashagan was launched in autumn 2016 and reached commercial level of 75,000 barrels per day on Nov. 1, 2016.
According to NCOC, currently work is carried out in order to increase the level of production to 180,000 barrels per day. The company went on to add that it is expected to reach production level of 370,000 barrels per day after the start of re-injection of associated (sulfur) gas into the reservoir.
Kashagan is a large oil and gas field in Kazakhstan, located in the north of the Caspian Sea. Its recoverable oil reserves amount to 9-13 billion barrels.
Kazakhstan plans to produce 8.9 million tons of oil and 5.6 billion cubic meters of gas from Kashagan in 2017. In subsequent years it is planned to increase the production to 13 million tons of oil and 9 billion cubic meters of gas per year.
The project participants are KMG Kashagan BV (16.88 percent), AGIP Caspian Sea BV (nearly 16.81 percent), CNPC Kazakhstan BV (8.33 percent), Exxon Mobil Kazakhstan Inc. (nearly 16.81 percent), INPEX North Caspian Sea Ltd. (nearly 16.81 percent), Shell Kazakhstan Development BV (nearly 16.81 percent), and Total E&P Kazakhstan (nearly 16.81 percent).
Follow the author on Twitter:@E_Kosolapova