The British Nostrum Oil & Gas Increased Oil and Gas Reserves in Kazakhstan by More than 5 Times
Xodus Group Limited has prepared a report that contains an independent assessment of the reserves and resources of the Stepnoy Leopard group of fields in Kazakhstan as of 1 January 2024. This was reported by Nostrum Oil & Gas PLC. In August 2023, Nostrum announced the launch of exploration and …
Chevron and QazaqGaz to Conduct Exploration Work at the Zhalibek Subsoil Site in Kazakhstan
Kazakhstan national company QazaqGaz and Chevron (through its subsidiary Chevron Munaygaz Inc.) signed a cooperation agreement on geological exploration work (GEW) at the Zhalibek subsoil site in the Aktobe region near the Zhanazhol and Urikhtau fields. This was reported by the press service of QazaqGaz. It is noted that negotiations …
Kazakhstan to Compensate for Excess Oil Production Volumes by September 2025
The Ministry of Energy of the Republic noted that the country has prepared a detailed compensation plan. Kazakhstan is committed to the OPEC+ agreement and intends to compensate for excess oil production volumes by September next year. This was reported by the press service of the Ministry of Energy of …
In Kazakhstan Oil Production Was Restored after Spring Floods
Oil production in Kazakhstan after the large-scale floods that occurred in the spring is carried out according to the schedule, the plan is met by almost 100%. This was announced by Deputy Prime Minister – Minister of National Economy of the country N. Baibazarov. Theses of N. Baibazarova: For oil …
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 …
Kassym-Jomart Tokayev Instructed to Attract Large Investors to Geological Exploration in Kazakhstan
The President of the Republic also drew special attention to the need for uninterrupted operation of the refinery. President of Kazakhstan Kassym-Jomart Tokayev, during a meeting with the head of the Kazakh national company Kazmunaygas (KMG) Askhat Khasenov, gave instructions to attract large investors into geological exploration and the petrochemical …
In Kazakhstan Oil Production Returned to Normal after Floods
The country’s Energy Minister Almasadam Satkaliev noted that about 500 wells were flooded. Oil production in Kazakhstan has returned to normal after large-scale floods. Kazakhstan’s Energy Minister Almasadam Satkaliev told reporters about this. “There was a slight decrease in oil production, about 500 wells were flooded. This mainly affected the …
450 Oil Wells Remain in Water in Kazakhstan
Since the beginning of the flood, oil production in Kazakhstan has decreased to 20 thousand tons, while many wells are still flooded and are not working. About 450 oil production wells still remain in a flooded state, previously this figure was 673, the Ministry of Energy of Kazakhstan said. Since …
More than 600 Oil Production Wells Have Been Suspended in Kazakhstan
The work of 634 oil production wells was suspended in Kazakhstan due to a difficult flood situation, the total loss of oil production amounted to 16 thousand tons, the press service of the country’s Ministry of Energy reports. “As a result of the flood situation in the country, in a …
Kazakhstan Intends to Reduce Oil Production From January 2024
According to the statement of the Republic’s Ministry of Energy, the country’s obligations under OPEC+ in the first quarter of 2024 will amount to 1.468 million barrels per day. Kazakhstan intends to reduce oil production starting in January 2024 as a contribution to preventing uncertainty in the oil market. This …