KMG EP: Aksay Oil and Gas Field Put on Stream
KazMunaiGas Exploration Production JSC announces that JV Kazgermunai’s Aksay oil and gas field located in Kyzylorda region has been put on stream.
At the commissioning ceremony, KMG EP Chief Executive Mr Abat Nurseitov said: “Aksay field commissioning will allow Kazgermunai to maintain oil production at current level. Also, additional volumes of gas will allow Kazgermunai to continue fulfilling its social obligations by providing gas to Kyzylorda city.”
According to the report of independent consultant Miller and Lents, Ltd. there were 1.5 million tonnes of 2P oil reserves, and 1,626 million cubic meters of gas as at 31 December 2013 in Aksay field. It is preliminarily planned that 114,500 tonnes of oil (2.4 kbopd) and 70 million cubic meters of gas will be produced in 2015 from Aksay field. It is expected that the oil will be supplied in accordance with Kazgermunai’s current sales routes and gas will be supplied to domestic market at price set by the government.
The investment into the Aksay field infrastructure development is 9.6 bn Tenge (approximately US$53m). It is expected that additional investment will be made in well construction.
