RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2019-05-21 15:25:00

KASHAGAN OIL WILL UP TO 400 TBD

KASHAGAN OIL WILL UP TO 400 TBD

PLATTS - Kazakhstan's energy ministry expects crude output at the giant Kashagan field in the Caspian Sea to reach 370,000-400,000 b/d in early June, with the project producing additional 3 million barrels above an initial plan in 2019 due to an early restart after major maintenance work.

Production at Kashagan was restarted Sunday, 10 days ahead of the initial plan, with output reaching 70,000 b/d the same day, the ministry said Monday.

"Thus, the outage was completed within 35 days, instead of the planned 45. This alone will allow us to produce 3 million barrels of oil more than the planned volume this year," it said in a statement.

The field was shut down on April 14 and the initial plan envisaged the maintenance work continuing through May 29, it said.

"Work to increase production to full capacity will continue, and in early June Kashagan should reach production levels of 370,000-400,000 b/d due to the work carried out during the maintenance," it said.

Kashagan is one of the three major projects in Kazakhstan, alongside Tengiz and Karachaganak, that jointly account to over two thirds of the country's liquids output. Its crude is exported via the CPC pipeline to the Russian Black Sea port of Novorossiisk and from there to international markets. CPC Blend is a light grade with a gravity of around 44-45 API and a sulfur content of 0.5%-0.6%.

Kazakhstan's crude and condensate production fell by 270,000 b/d or 14.8% month on month to 1.56 million b/d in April due to the maintenance at Kashagan. This helped the country comply with its commitment to cut production by 40,000 b/d from its November 2018 level of 1.9 million b/d under the latest OPEC/non-OPEC crude production agreement.

Kazakh energy minister Kanat Bozumbayev said earlier this year that average production over the first six months of 2019 would be in line with Kazakhstan's commitment to reduce output to 1.86 million b/d, forecasting that lower output in March, April and May would offset higher output in January, February and June.

-----

Earlier:

KASHAGAN OIL PRODUCTION: 470 TBD
2018, August, 31, 11:00:00
KASHAGAN OIL PRODUCTION: 470 TBD
PLATTS - Oil production at Kazakhstan's giant Kashagan field could be as high as 470,000 b/d under its first development phase, the head of the consortium overseeing the field, Brune Jardin, has said, while also noting plans for a big maintenance shutdown, and for development of nearby fields with China's CMOC.
 
 
 KASHAGAN'S OIL EXPORTS
2017, March, 6, 18:45:00
KASHAGAN'S OIL EXPORTS
Kazakhstan has for the first time shipped Kashagan crude in the form of Siberian Light blend from the Russian port of Novorossiisk, the Kazakh state pipeline company has said, amid a surge in Siberian Light exports.
 
 KASHAGAN: I'LL BE BACK
2016, June, 16, 17:50:00
KASHAGAN: I'LL BE BACK
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.

 

Tags: KASHAGAN, KAZAKHSTAN, OIL, PRODUCTION