TCO: Tengiz Field Waiting on Final Decision for 12m Ton Increase in Production
It is planned to adopt a final decision on financing the Wellhead Pressure Management Project / Future Growth Project (WPMP / FGP) of the Kazakh field Tengiz in the first half of 2016, according to the information on the results of activities of the Ministry of Energy of Kazakhstan for …
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 …
Kazakhstan Oil & Gas. 2014 Results and 2015 Industry Development Outlook
Introduction Among the FSU (former Soviet Union) countries, Kazakhstan has the second largest liquid hydrocarbon fields after Russia. According to the Republic of Kazakhstan State Commission for Mineral Reserves, the recoverable oil reserves in the country are estimated at 4.1 billion tonnes (30 billion barrels) including onshore fields (more than …
EIA: Kazakhstan Report
Kazakhstan, an oil producer since 1911, has the second-largest oil reserves as well as the second-largest oil production among the former Soviet republics after Russia. Kazakhstan is a major oil producer. The country’s estimated total petroleum and other liquids production was 1.70 million barrels per day (bbl/d) in 2014. The …
LukOil to sell stake in Caspian Investment
LukOil has agreed to sell its 50% stake in Caspian Investment Resources Ltd to China’s Sinopec for around $1.2bn, subject to adjustments at closing. Caspian Investment Resources, through a number of joint ventures, owns various stakes in four hydrocarbon-production projects in Kazakhstan. LukOil’s share in commercial hydrocarbon production as part …
Tengizchevroil Adopts Tenaris´ Dopeless® Technology for Projects in Kazakhstan
Tengizchevroil, a joint venture between Chevron, KazMunaiGas, ExxonMobil and LukArco, has chosen TenarisHydril ER™ connections with Dopeless® technology on 13 3/8” casing for its developments in the Tengiz field in Western Kazakhstan The company decided to migrate from API BTC connections to ER™ Dopeless®connections due to the operational benefits, especially the simplicity of …