Kazakhstan plans to produce 8.9 million tonnes of oil next year

FILE PICTURE

Winter view of one of the largest oilfields in the world and the first offshore oilfield in Kazakhstan - Kashagan.

Kashagan presentation was held in Atyrau on December 7


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ASTANA – Kazakhstan plans to produce 8.9 million tonnes of oil next year, Kazakhstan’s Energy Ministry said on December 7.

An official presentation of one of the largest oilfields in the world and the first offshore oilfield in Kazakhstan – Kashagan – was held in Atyrau on December 7.

Kazakhstan plans to produce up to 1 million tonnes of oil and 680 million cubic metres of gas to the end of the year, and plans to produce 8.9 million tonnes of oil and 5.6 billion cubic metres of gas in 2017,” the press service of the Energy Ministry said. “In subsequent years it is planned to increase production to 13 million tonnes of oil and 9 billion cubic metres of gas per year.”

On November 1, production at Kashagan got on a commercial level of more than 75 million barrels of oil per day. Currently, works are carried out in order to increase the level of production and its stabilisation at the level of 180,000 barrels per day.

Thanks to the development of Kashagan, a domestic maritime service infrastructure was created.

Ersai and Caspian Offshore Marine Construction built a shipyard in Bautino. Also, a base to respond to oil spills was created. Moreover, around 70 joint ventures/partnerships, including such international companies like Schlumberger, Siemens Energy Wood Group, Saipem, were created.

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