Karachaganak Oil And Gas Field
Summary Information
- Operator: ENI / BG Group
- Country: Kazakhstan
- Location: Western Kazakhstan
- Production start:
- Partners: Eni (co-operator 32,5%), BG Group (co-operator 32,5%), Chevron (20%) and Lukoil (15%),
- Type: Oil / Gas
- Estimated Reserves: 5 bboe
- Production Volume: In 2010, production of the Karachaganak field averaged 228 kbbl/d of liquids and 812 mmcf/d of natural gas
Description
- Situated onshore in the western part of the country, Karachaganak is a giant onshore hydrocarbon deposit that produces oil, condensate and natural gas, with recoverable reserves estimated at 5 billion boe. The operations carried out by the Karachaganak Petroleum Operating BV (KPO) consortium are regulated by a 40-year Production Sharing Agreement that expires in 2037.
History
- 1997 - Final Production Sharing Agreement signed
- 2003 - First liquids from new Karachaganak facilities
- 2004 - Phase II Karachaganak development completed
- 2004 - First exports via Novorossiysk on the Black Sea
- 2006 - Oil exports commenced via the Atyrau Samara Oil Pipeline
- 2011 - the Karachaganak Petroleum Operating B.V consortium signed an agreement with the Republic of Kazakhstan for entry of the national oil company KazMunaiGaz (KMG) into the consortium
Geology
Other Information
- Approximately two-thirds of the liquids produced are stabilised at the Karachaganak Processing Complex (KPC) – with a capacity of over 150,000 barrels/day – before they are sent to western markets through the Caspian Pipeline Consortium Oil Pipeline and, since 2006, also through the Atyrau-Samara pipeline, which is connected to the Russian export system. The non-stabilised liquids and the gas that is not re-injected into the deposits are sold on the local Russian market through the Orenburg terminal.
Links
- KazMunaiGas, Karashaganak
- ENI, Kazakhstan
- BG Group Kazakhstan
- LUKOIL Signs Production-sharing Agreement on Karachaganak Field in Kazakhstan
- BG Group announces first lifting of Karachaganak oil
page revision: 9, last edited: 17 May 2012 09:23
