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 The majority of the countries land wells are out-of-date and their rate of decline is accelerating.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 …
CNPC: Looks at Kazakh Asset Purchase
China National Petroleum Company (CNPC) has shown interest to the project Eurasia on the territory of Kazakhstan, Energy First Vice Minister Uzakbai Karabalin said on September 29 in Astana. “CNPC has expressed interest to the project. It can become an important aspect of bilateral cooperation between Kazakhstan and China in …
Beyond Oil and Gas: Kazakhstan Bets its Future on Reform
Recent events in Ukraine and Russia’s anti-Western rhetoric and military posture force European energy consumers to look for alternatives for Russian hydrocarbons. One of the possible suppliers of both oil and gas could be Kazakhstan, which boasts the largest hydrocarbon resources in the oil-rich Caspian basin. Kazakhstan is among the …
ONGC Videsh to Invest $400m on Satpayev
ONGC Videsh Limited (OVL), the external arm of state-run explorer Oil and Natural Gas Corporation, will invest up to $400 million for exploration activities in Kazakhstan, an official said on Wednesday. OVL will invest the amount for exploration activties in its Satpayev block in the central Asian nation, its managing …
Lukoil President Meets With Kazakhstan Leaders
LUKOIL President Vagit Alekperov visited Astana to attend the 28th Plenary Session of the Foreign Investors’ Council under the President of Kazakhstan. As part of his visit, Mr. Alekperov met with Kazakhstan Prime Minister Karim Masimov, executives from Kazakshtan’s Ministry of Energy and KazMunayGas, the national oil company of Kazakhstan. …