Technip Energies and KPSP Signs a Long-Term Services Agreement with KPO for the Development of the Karachaganak Field in Kazakhstan
Technip Energies (PARIS:TE), through its joint-venture TKJV LLP with KPSP, announces the signing of a long-term services frame agreement with Karachaganak Petroleum Operating B.V. (KPO) for the development of the Karachaganak Field, located in northwest Kazakhstan near Aksai. This five-year agreement covers a comprehensive range of services, from consulting and …
KPO Announced Successful Completion of Karachaganak Gas Debottlenecking Project
Karachaganak Petroleum Operating B.V. (KPO) has announced a successful completion of the Karachaganak Gas Debottlenecking (KGDBN) Project. The ceremonial launch of KGDBN Project was attended by senior officials from the Western Kazakhstan Oblast Akimat lead by Akim Gali Iskaliyev, JSC NC KazMunaiGas lead by the Chairman of the Board Alik …
KPO Reports Half-Year Performance Results
Karachaganak Petroleum Operating B.V. (KPO) announced its performance results for the first half-year period. Over this period KPO produced more than 75 million barrels of oil equivalent of stable and unstable liquid hydrocarbons, export raw gas and sweet fuel gas. Moreover, 5 billion cubic metres of raw gas was re-injected …
Kazakhstan Hopes to Increase KPO Compensation for Oil Revenues Dispute
The government is discussing with the consortium Karachaganak Petroleum Operating (KPO) an increase in compensation for a dispute over the calculation of oil revenues from the Karachaganak field, said Deputy Energy Minister Murat Zhurebekov. “We have not yet completed these negotiations. Perhaps there will be a revision of some parameters of …
LUKOIL to Launch Another Project in Kazakhstan
LUKOIL, Russia’s 2-nd largest oil company, will add another project in Kazakhstan to its portfolio, said Kurmangazy Iskaziyev, Deputy Chairman of the Management Board for Exploration, Production and Oilfield Services at Kazakhstan’s state company KazMunaiGas, Trend reports. Iskaziyev made the remarks at the 26th International Caspian Oil & Gas Conference in Baku, …
Caspian Oil and Gas: High Hopes for a Tough Neighborhood
Azerbaijan has long been seen as a strategic gateway to vast oil and gas resources in the Caspian region and a source of energy security for Europe but has yet to live up to its promise as a bulwark against the influence of Russia and OPEC in the region. Oil …
Dispute Over Kazakh Oil and Gas Field May be Resolved in 1Q 2018
By Ali Mustafayev – Trend: The Memorandum on the settlement of the dispute over the Karachaganak field was extended until the end of the first quarter of 2018, the Minister of Energy of Kazakhstan Kanat Bozumbayev said during a briefing in Astana on January 22, Kazakh media reported. Last April, …