Resource provided by Saya Askarova
Access to Information about giant Karachaganak oil and gas field in Kazakhstan added to PMWL
31 March 2016 – Almaty, Kazakhstan – A new resource has been added to the PM World Library related to major oil & gas projects in Kazakhstan. The new resource is titled “The Giant Karachaganak Oil & Gas Field Development”.
The Karachaganak gas condensate field, situated in the north-west region of Kazakhstan, covers an area of more than 280km². The field's reserves comprise over 1,200 million tons of oil and condensate, and more than 1.35 trillion cubic metres of gas. Karachaganak Petroleum Operating BV (KPO) was formed to facilitate the field's development. The company is owned by five partners. Kazakhstan's KazMunaiGas (KMG) acquired a 10% interest in the project in June 2012. BG Group and Eni each have 29.25% interest in KPO. Chevron has 18% and Lukoil holds the remaining 13.5%.
Karachaganak, one of the world's largest gas condensate reservoirs, requires an innovative team approach to maximize field potential. Its remoteness, complex carbonate structure and perplexing fluid behavior present both obstacles and opportunities for production optimization.
The field was discovered in 1979 and production started in 1984. It was developed in two phases. A gas sale purchase agreement was signed between KPO and KazRosGaz in 2007. According to the agreement, around 16 billion cubic metres of untreated natural gas will be supplied to KazRosGaz every year from 2013. The agreement led to development of phase III.
To access this new resource, go to https://pmworldlibrary.net/major-projects-programmes/, click on “Mining - Natural Resources - 0il & Gas”. Must be a registered member to access.
