Production at Kazakhstan Kashagan Reached 370 Thousand Barrels Per Day After Overhaul

Source Press Release
Company KazMunayGas 
Tags Reserve Update, Production/Development, Upstream Activities, Strategy - Upstream, Financial & Operating Data, Strategy - Corporate
Date June 05, 2019

“After the completion of the first major overhaul, the Kashagan oil field reached 370,000 barrels per day, which is the historical maximum for the project,” reported the press service of Kashagan operator, North Caspian Operating Company (NCOC).

“During the visit of the President of the Republic of Kazakhstan Kassym-Zhomart Tokayev to “Bolashak” Plant, NCOC Managing Director Richard Hove announced the achievement of the historical level of production of 370 thousand barrels per day after the first major overhaul”, — said in the message distributed by NCOC on Tuesday.

The company notes that “after reopening the first production well at the Kashagan offshore complex the volume of oil production gradually increased as a result of the safe and successful completion of the first major overhaul and now reached 370,000 barrels of oil per day".

“In whole, the overall level of operational reliability remains high and continues to exceed expectations with particular emphasis on safety. This significant milestone of 370,000 barrels of oil per day was achieved by NCOC thanks to the diligent and highly professional work of all the parties involved, as well as the joint efforts of the Ministry of Energy of the Republic of Kazakhstan, “PSA” LLP and shareholders of NCOC", — notes the Consortium.

The message also says that NCOC “continues to increase the volume of hydrocarbon production with an emphasis on ensuring safety and stability of production”.

The Ministry of Energy of Kazakhstan previously reported that on May 19, 2019, after the successful completion of the first planned preventive maintenance of production facilities, which lasted 35 days, oil production at the Kashagan field was resumed 10 days ahead of schedule.  On the same day, the level of daily production reached 70,000 barrels.

Geological reserves of Kashagan are estimated at 4.8 billion tons of oil. Total oil reserves amount to 38 billion barrels, of which recoverable — about 10 billion barrels, natural gas reserves — more than 1 trillion cubic meters. “KazMunaigas”, EniExxonMobilRoyal Dutch Shell, Total, Inpex and CNPC take part in the project.

Production at the field was stopped in September 2013, two weeks after it started due to gas leakage, and then problems were identified that required a complete replacement of the gas pipeline and oil pipeline at the field with a total length of about 200 kilometers.  It was possible to resume production only in the fall of 2016.

Source: EvaluateEnergy® ©2021 EvaluateEnergy Ltd