Kazakhstan Upstream: Drilling Efficiency a Pressing Priority
2017: A Year of Achievements Over the of course 2017, a number of landmark events took place in the oil and gas industry of the Republic of Kazakhstan (RK). By year’s end, oil production was at an all-time high, at 86.2 million tonnes, exceeding the 2016 level by 10.5%. This …
Kazakhstan Intends to Produce Over 104 mln tons of Oil Per Year by 2025
Kazakhstan intends to produce more than 104 million tons of oil per year by 2025. This was announced by Kazakh Energy Minister Kanat Bozumbayev at a government hour on the development of the oil and gas sector in Kazakhstan on May 21. The volume of investments in major projects that …
Kazakhstan’s Oil Exports Hit 24 Million Tons
The volume of export of Kazakh oil since the beginning of the year amounted to 24.1 million tons. This was announced by Energy Minister Kanat Bozumbayev at a government meeting on May 15. Today the situation in the market of petroleum products is stable, there is no shortage of fuel …
Alexey Miller and Kazakh Energy Minister Kanat Bozumbayev Address Cooperation Prospects
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Kanat Bozumbayev, Minister of Energy of the Republic of Kazakhstan, took place in St. Petersburg today. The parties discussed the ongoing and future cooperation in the gas sector. It was noted that Gazprom had provided reliable gas supplies to Kazakhstan in 2017, delivering a total of 4.7 billion cubic meters …
Kazakh Oil Companies Want to Compete with Foreign Majors for Contracts
Kashagan, Tengiz and Karachaganak account for 75% of all oil and gas service contracts in Kazakhstan By Kulpash Konyrova Industry leaders like US giants Chevron and ExxonMobil, Russia’s LUKoil and China’s CNPC carry out massive oil production operations in Kazakhstan, investing billions of dollars and employing up to 17,000 people …
Kazakhstan Oil Output to Rise 1 pct in 2018 to 87 mln T – Energy Ministry
MOSCOW, Jan 16 (Reuters) – Kazakhstan will increase its oil and gas concentrate production in 2018 by 1 percent to 87 million tonnes, compared to 86.2 million tonnes the previous year, its energy ministry told Reuters on Tuesday. Oil production at its giant Kashagan oil field will rise by 33 …
Kazakhstan Overtakes Iraq as OPEC Pact’s Biggest Over-Producer
Kazakhstan has overtaken Iraq to become the biggest over-producer in the pact between OPEC and its allies to curb oil output. The Caspian Sea nation’s output has been rising over the past year as the giant Kashagan field ramps up production. That’s in spite of Kazakhstan’s pledge to pump 20,000 …
Caspian Sunrise: Well A5 Well Test Positive, Paused Due to Excess Drilling Mud
Caspian Sunrise the Central Asian oil and gas company, with a focus on Kazakhstan, is pleased to update the market with news at the BNG Contract Area of progress at its Deep Wells A5, 801, A6 & A8 and at the Shallow Well 146 on the MJF structure. Deep Wells …
Kazakhstan Extends Subsoil Use on Caspian Sea for Russia
By Nigar Guliyeva – Trend: President of Kazakhstan Nursultan Nazarbayev and President of Russia Vladimir Putin signed the Additional Protocol to the Protocol to the Agreement between the Republic of Kazakhstan and the Russian Federation on the delineation of the bottom of the northern part of the Caspian Sea in …
Kazakhstan: A Market of Possibilities for Russian Oilfield Service Companies
In August, 2016 the Ministry of Energy of Kazakhstan shared its plans for abandonment of 126 offshore Caspian wells before 2019. And this is just the tip of the issue. The majority of the countries land wells are out-of-date and their rate of decline is accelerating. In Kazakhstan, it is …