KazMunayGas starts drilling deep exploration well in Turgai Paleozoic area

Kazakhstan Materials 30 May 2024 13:17 (UTC +04:00)
Madina Usmanova
Madina Usmanova
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ASTANA, Kazakhstan, May 30. Kazakhstan's KazMunayGas (KMG, national oil and gas company) has started drilling a deep exploration well in the Turgai Paleozoic area in the Kyzylorda region, Trend reports.

According to KMG, the depth of well PZ-1 is 5500 meters.

"KazMunayGas, as a national company, pays special attention to the strategic goal of replenishing and developing the resource base, including the Kyzylorda region. If positive drilling results are obtained, the implementation of the project will increase the resource potential of the Republic of Kazakhstan," the company said.

Previously, drilling of wells with a similar depth had not been carried out in this region. The difficulties of implementing a project to study deep-lying sediments are associated with an unknown geological section, potentially high pressures and temperatures, the presence of hydrogen sulfide, etc.

As the company noted, to implement the project, a professional team of specialists consisting of 30 people was formed (the KMG Project Team). Also involved were service company specialists (about 40 people), professionals, and a drilling company crew (about 70 people).

The subsoil user for the project is KazMunayGas (100 percent).

Meanwhile, the volume of oil and gas condensate production by KazMunayGas amounted to 6.064 million tons (503,000 barrels per day) from January through March 2024. The volume of oil and gas condensate production grew by 1.7 percent compared to the same period in 2023.

At the same time, natural and related gas output climbed by 4.6 percent over the reporting period, reaching 2.52 billion cubic meters.

Furthermore, Kazakhstan produced 90 million tons of oil in 2023, which is 6.9 percent higher than in 2022. Oil exports also increased and amounted to 70.5 million tons, which is 9.6 percent more than the previous year. Moreover, Kazakhstan plans to increase oil production in 2024 to 90.3 million tons.