Production at Kashagan to Be Increased to 370,000 B/D Soon

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The level of oil production at the Kashagan field, according to forecasts of the Ministry of Energy of Kazakhstan, will soon increase to 370,000 barrels per day (b/d), Energy Minister Kanat Bozumbayev said at a meeting of the World Petroleum Council in Astana on October 2.

According to the initial plans of the NCOC consortium developing the Kashagan field, it was planned to reach the level of 370,000 barrels per day by the end of 2017. However, technical difficulties arose due to problems with the acceleration of the reservoir. In the middle of March 2018, the operator stopped a number of wells for gas production and injection into the reservoir, and production at Kashagan was reduced from 300 thousand b / d to 214 thousand b / d. Then, by the end of April, the mining returned to the level of 300 thousand b / d.

NCOC shareholders are KMG Kashagan B.V. (16.877%), Shell Kazakhstan Development B.V. (16.807%), Total EP Kazakhstan (16.807%), Agip Caspian Sea B.V. (16.807%), ExxonMobil Kazakhstan Inc. (16.807%), CNPC Kazakhstan B.V. (8.333%), and Inpex North Caspian Sea Ltd. (7.563%).

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