...

Kazakhstan records growth in gas production at Kashagan field

Kazakhstan Materials 28 February 2023 17:54 (UTC +04:00)
Kazakhstan records growth in gas production at Kashagan field
Maryana Ahmadova
Maryana Ahmadova
Read more

BAKU, Azerbaijan, February 28. The total oil production at Kashagan field in Kazakhstan in 2022 decreased by 21.9 percent, amounting to 12.6 million tons, Trend reports citing KazMunayGas National Company.

According to the company, the decrease was due to the planned overhaul at the offshore and onshore complexes in the middle of the year, as well as due to the need to conduct repair and restoration works after the gas leak at the gas pre-selection unit (slug-catcher) was found in August.

KMG's share of oil production at the field increased by 4.3 percent to 1.4 million tons (34 kbopd) and crude gas production increased by 7.3 percent and amounted to 877 million cubic meters, due to an increase in KMG's share in the project from 8.44 percent to 16.88 percent from September 15, 2022, as the transaction for the repurchase of shares in the project from Samruk-Kazyna JSC was successfully completed.

Meanwhile, according to the company's year-results, oil and gas condensate production volume in 2022 amounted to 22 million tons (456 kbopd), which is an increase of 1.7 percent year-on-year.

At the same time, production volume of natural and associated gas grew by 2 percent to 8.2 billion cubic meters.

Tags:
Latest

Latest