Kazakhstan started commercial oil production at major field

At the Kashagan field, the largest located in the Kazakhstan part of the Caspian sea, began commercial production of crude oil, Reuters reported, citing energy Minister of Kazakhstan Kanat Bozumbayev.

According to Bozumbayev, once at the end of September at Kashagan, began test production of hydrocarbons, the total volume produced on the project of oil approached half a million tons, and the volume of gas produced amounted to 97 million cubic meters. In 2017 the Kashagan field, according to the energy of the country, it is planned to produce 4 million tonnes to 8 million tonnes of oil.

In mid-October, the first batch of oil produced at the Kashagan field in the course of commissioning works was exported through the Caspian pipeline consortium (CPC) pipeline “KazTransOil”. At the same time in the main system of the company “INTERGAS Central Asia” has been downloaded 22.8 million cubic meters of gas.

Kashagan is one of the largest oil fields opened in the world over the past 40 years, its recoverable reserves are estimated at 9-13 billion barrels of oil. Commercial oil production at Kashagan began in September 2013, and by 2017, its volume was planned to increase to 50 million tons per year. However, after a few months the mine was closed due to a gas leak on one of the pipes, the metal of which collapsed due to the high sulfur content of the Kashagan oil.

In the fall of 2016 after an extensive renovation of infrastructure at Kashagan began preparing for the resumption of production. In early October of 2016, Vice Minister of energy Magzum Mirzagaliyev announced that commercial oil production at the field could begin in the third decade of the month.

The participants of the consortium on development of Kashagan are the company “Agip Caspian sea B. V.” (16,807%), “CNPC Kazakhstan B. V.” (8,333%), “ExxonMobil Kazakhstan Inc” (16,807%), “Inpex North Caspian sea, Ltd.” (7,563%), “KMG Kashagan B. V.” (16,877%), “shell Kazakhstan development B. V.” (16,807%) and “total EIT Kazakhstan” (16,807%).