ASTANA, Kazakhstan, December 22. A large gas condensate field, Rozhkovskoye, was put into commercial operation in the West Kazakhstan region, Trend reports.
The gas condensate field was discovered in 2008 as a result of a wide range of geological exploration work.
It is planned to produce 14.2 billion cubic meters of raw gas and 7.1 million tons of condensate until 2040.
The subsoil use right is held by a joint venture comprising KazMunayGas (50 percent), Hungarian company MOL Group (27.5 percent), and Chinese Sinopec (22.5 percent).
To date, $534 million has already been invested in the field.
It is expected that due to the development of the Rozhkovskoye field, the National Fund of Kazakhstan will be replenished by 501 billion tenge (about $1.09 billion) and the local budget by 110 billion tenge (about $239 million).
In addition, the shareholders plan to allocate at least 3.1 billion tenge (about $6.75 million) for the socio-economic development of the region, as well as annually under contractual obligations to allocate 1 percent of the investment amount for the training of Kazakhstani personnel.
Meanwhile, gas production volume in 2022 totaled 53.3 billion cubic meters, or 3.1 percent over the planned volume. Commercial gas output was 27.8 billion cubic meters, or 94 percent of the planned amount.
Domestic commercial gas consumption in Kazakhstan was 19.3 billion cubic meters, or 7.2 percent exceeding the 2022 plan, while exports were 4.6 billion cubic meters, or 85.1 percent of the plan.
The volume of liquefied petroleum gas production (provided to the domestic market) was 2.8 million tons, or 98 percent of the planned volume.