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2016-06-16 17:50:00

KASHAGAN: I'LL BE BACK

KASHAGAN: I'LL BE BACK

 

KAZAKHSTAN KASHAGAN OIL FIELD MAP

 

KAZAKHSTAN KASHAGAN OIL FIELD MAP

 

ASTANA, June 15, 2016 – TOGY said, deputy Energy Minister Magzum Mirzagaliev on Wednesday said Kazakhstan's Kashagan field is expected to come back on line in October as per directives from Prime Minister Karim Massimov.

According to local media, the prime minster instructed state-owned KazMunayGas and the Ministry of Energy to ensure the field resumes production and contributes to raising the country's output from 1.49 million bopd to 1.51 million bopd. Mirzagaliev expects initial production levels to be in the range of 75,000 bopd. By year-end 2016, output should exceed 250,000 bopd.

The Kashagan oilfield development project has been marred by delays and cost overruns. It first began producing in September 2013 but was halted two weeks later due to gas leaks. Discovered in 2000, the field's estimated recoverable reserves of around 13 billion barrels attracted some of the world's largest energy companies. The international consortium developing the field – working under the North Caspian Operating Company Umbrella – comprises China National Petroleum Corporation, Eni, ExxonMobil, Inpex, Shell, Total and KazMunayGas. In 2015, the latter sold half of its 16.8% stake in the venture.

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Earlier: 

KASHAGAN WILL RELAUNCH 

KASHAGAN WILL RESTART 

KASHAGAN: RISE $4 BLN 

BIG RESERVES OF KAZAKHSTAN 

ITALY & KAZAKHSTAN OFFSHORE

 

 

Tags: KASHAGAN, KAZAKHSTAN, OIL, GAS

Chronicle:

KASHAGAN: I'LL BE BACK
2017, December, 15, 12:50:00

LUKOIL'S PLAN: $50

LUKOIL - The plan is based on the conservative $50 per barrel oil price scenario. Sustainable hydrocarbon production growth is planned in the Upstream business segment along with the growth in the share of high-margin projects in the overall production. In the Downstream business segment, the focus is on the improvement of operating efficiency and selective investment projects targeted at the enhancement of product slate.

KASHAGAN: I'LL BE BACK
2017, December, 15, 12:45:00

BP INVESTS TO SOLAR

BP - BP will acquire on completion a 43% equity share in Lightsource for a total consideration of $200 million, paid over three years. The great majority of this investment will fund Lightsource’s worldwide growth pipeline. The company will be renamed Lightsource BP and BP will have two seats on the board of directors.

KASHAGAN: I'LL BE BACK
2017, December, 13, 12:40:00

OIL PRICE: ABOVE $64 YET

REUTERS - Brent crude was up 69 cents, or 1.1 percent, at $64.03 a barrel by 0743 GMT. It had settled down $1.35, or 2.1 percent, on Tuesday on a wave of profit-taking after news of a key North Sea pipeline shutdown helped send the global benchmark above $65 for the first time since mid-2015. U.S. West Texas Intermediate crude was up 45 cents, or 0.8 percent, at $57.59 a barrel.

KASHAGAN: I'LL BE BACK
2017, December, 13, 12:35:00

RUSSIAN-TURKISH NUCLEAR

ROSATOM - On December 10, 2017, the construction start ceremony took place at the Akkuyu NPP site under a limited construction licence issued by the Turkish Atomic Energy Agency (TAEK). Director General of the ROSATOM Alexey Likhachev, and First Deputy Minister of Energy and Mineral Resources of the Turkish Republic, Fatih Donmez, took part in the ceremony.

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