LUKOIL Faces Logistics Challenge in Kazakhstan Project Due to Caspian Sea Shallowness
KazMunayGas (“KMG“) and LUKOIL will build a channel in the Caspian Sea to develop the Kalamkas-Sea and Khazar fields. This is stated in the project participants’ environmental impact assessment report. The contract area is located in the Kazakh sector of the Caspian Sea, 120 km southwest of the Kashagan field. …
Kazakhstan Compensates for Overproduction of Oil at Kashagan
The Kazakh authorities intend to compensate for a significant amount of overproduction of oil during repairs at the Kashagan field in October. This was reported by the press service of the Ministry of Energy of Kazakhstan. “The government has denied information about the postponement of repairs at the Kashagan field. …
Kazakhstan is Aimed at a Peaceful Resolution of the Dispute with the Operator of Kashagan over Environmental Violations
Kazakhstan is determined to resolve the environmental dispute with the operator of Kashagan (NCOC) peacefully, said Kazakh Prime Minister Alikhan Smailov. “As for the environmental dispute. Due to the presence of a fairly large volume of sulfur in this field, we are ready for any scenario, but we need to …
Production Potential of Kashagan Can Reach 75 Million Tons of Oil per Year – Prime Minister of the Republic of Kazakhstan
Prime Minister of Kazakhstan Alikhan Smailov spoke at a solemn event in honor of the 30th anniversary of the start of the development of the Kazakh shelf of the Caspian Sea with the participation of veterans of the oil and gas industry of the republic, Kazinform reports with reference to …
Oil Output at Kazakhstan’s Kashagan Hits Record of 400,000 bpd
Oil output at Kazakhstan’s Kashagan field reached an all-time high of 400,000 barrels per day (bpd) on Tuesday, three sources familiar with daily production data told Reuters. Oil production on Kashagan might rise further to 410,000 bpd in coming months, two industry sources familiar with the development plan said. Output …
Kazakh Kashagan Oil Field to Produce Up to 400,000 b/d Early June
Kazakhstan’s energy ministry expects crude output at the giant Kashagan field in the Caspian Sea to reach 370,000-400,000 b/d in early June, with the project producing additional 3 million barrels above an initial plan in 2019 due to an early restart after major maintenance work. Production at Kashagan was restarted …
Kazakhstan will Comply with Promised Oil Output Cuts as Giant Kashagan Field Shuts
Kazakhstan will shut production at its giant Kashagan oil field next month, bringing its production into compliance for the six months of the promised cuts under the OPEC/non-OPEC supply accord, energy minister Kanat Bozumbayev said Sunday. The average production over the six months will meet the commitment, as Kazakhstan will reduce …
Kazakhstan & Italy Ink New Energy Deal
Companies from Kazakhstan and Italy may soon be conducting joint exploration of the Abay oil and gas block in Kazakhstan’s sector of the Caspian Sea. Earlier this week representatives signed a joint operating agreement (JOA) and negotiated a carry agreement (CA) for the purpose of investing in the upstream project. Kazakhstan’s state-owned …
Italy’s Lighthouse Company Talks Working in Caspian Region
Italian company Lighthouse (formerly G.A.S. Geological Assistance and Services) has many expansion plans in other countries of the Caspian basin, Alberto Panti, the branch manager of the company, told Trend. “Lighthouse is present in Kazakhstan since the 2004 and has been involved in the main offshore projects, for example the …
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 …