Kashagan Oilfield To Be Officially Opened On Dec 7

Kashagan Oilfield To Be Officially Opened On Dec 7

The official opening of the Kashagan oilfield in the city of Atyrau is scheduled to take place on December 7, Kazinform has learnt from the press service of the Ministry of Energy.

Kashagan is the first offshore oilfield in Kazakhstan’s sector of the Caspian Sea and the country’s largest international investment project.

The CPC consortium is finalising a power systems expansion of the Tengiz-Novorossiysk pipeline system. The A-PS-4 was constructed in Kazakhstan. Testing of the A-PS-3A is scheduled for the second half of 2017.

The capacity line is expected to reach 67 million tonnes of oil per year, including 52.5 million tonnes from Kazakhstan, in mid-2017, after completion of all works.

The CPC pipeline system is one of the largest investment projects in the energy sector with the participation of foreign capital in the Commonwealth of Independent States. The length of the pipeline that connects the oil fields in Western Kazakhstan with the Marine Terminal in Novorossiysk is 1,511 kilometres. The CPC Marine Terminal is equipped with mooring devices to load tankers at a considerable distance from the coast in adverse weather conditions.

The CPC shareholders are Russia with 31 percent (owned by Transneft with 24 percent and CPC Company – 7 percent), Kazakhstan with 20.75 percent (owned by KazMunayGas – 19 percent and Kazakhstan Pipeline Ventures – 1.75 percent), Chevron Caspian Pipeline Consortium Company with 15 percent, LUKARCO B.V. – 12.5 percent, Mobil Caspian Pipeline Company – 7.5 percent, Rosneft-Shell Caspian Ventures Limited – 7.5 percent, BG Overseas Holding Limited – 2 percent, Eni International N.A. N.V. – 2 percent and Oryx Caspian Pipeline – 1.75 percent.