Kashagan to Produce 8 mln Tonnes of oil and 4.5 bln Cubic Meters of Gas in 2017
The Kashagan field has produced 6.8 million tonnes of crude oil and 4 billion cubic meters of gas since it was re-launched in September 2016, Deputy Minister of Energy Makhambet Dosmukhambetov said.
“At the moment the field produces 200,000 barrels of oil a day. After optimization of sour gas injection process, oil production will increase to 370,000 barrels a day. The expected output for the current year is set at 8 million tonnes of oil and 4.5 billion cubic meters of gas,” he said during the 25th International Conference Oil and Gas KIOGE 2017 in Almaty on Wednesday.
The production expansion project involves construction of an additional injection compressor and modernization of the existing compressors, Dosmukhambetov said.
“The project will allow us to increase oil output from 370,000 to 450,000 bpd in 2024-2030,” he said. North Caspian Operating Company (NCOC), the operator of the Kashagan project, said in late September 2017 that the field produced six million tonnes of crude oil since September 28, 2016.
The Energy Ministry of Kazakhstan said earlier that this year’s production target for the Kashagan project was set at over 5 million tonnes of oil and 3.1 billion cubic meters of gas.
The Kashagan project is expected to extract 13 million tonnes of oil in 2018.