Kazakhstan to Launch Large-Scale Offshore Project
In 2026, construction of offshore platforms will begin for the joint venture of KazMunayGas and LUKOIL.
In Kazakhstan, development of the Kalamkas-Sea and Khazar offshore oil and gas fields is beginning. The project is planned to attract more than $6 billion in direct investment. Up to 2,000 new jobs will be created at the development stage, and up to 300 at the start of field operation. Devon News Agency learned about this from a report by the Ministry of Energy of Kazakhstan.
The development will begin with the installation of steel offshore platforms at the Kalamkas-Sea field. They will begin to be built in 2026 at Kazakh shipyards. This will ensure the earliest possible start of production.
“A large-scale project will increase the economic potential of the entire country,” the report says. “The project will pave the way for training specialists who meet international standards and will create new jobs. All this will have a positive multiplier effect on socio-economic development.”
The participants of the Kalamkas-Sea-Khazar project are the state-owned company KazMunayGas and LUKOIL. They own 50% of the shares each. The operator of the fields will be Kalamkas-Khazar Operating LLC.
The Kalamkas-Sea field is located in the central part of the north-eastern sector of the Caspian Sea, 64 km from the coast. The sea depth here is 6-7 meters. The field is a long and narrow structure about 50 km long and up to 6 km wide.
The Khazar field is located 30 km southwest of Kalamkas-Sea and 65 km northwest of the Buzachi Peninsula. The fields have been explored and have confirmed reserves entered into the balance sheet of the Republic of Kazakhstan.
