Possible Directions Named For Kashagan Oil Supply
The Kazakh Energy Ministry named the main directions for the transportation of oil from the giant Kashagan offshore field.
“Each contractor organization -a project shareholder, independently makes a decision on the supply route and sale point. Currently, the Kashagan oil is transported by KazTransOil and CPC pipeline systems,” Kazinform reported citing the ministry.
Kazakhstan’s share of the produced oil is transported via the CPC system.
Potential supply route in the western direction is Atyrau -Novorossisk (through the CPC), Atyrau-Samara in the northern direction (entering the Transneft system) and Atyrau-Alashankou in the eastern direction.
Kashagan, first discovered in 2000, is considered to be the world’s largest discovery in the last 30 years, combined with the Tengiz Field.
The field is developed by Kazakhstan’s state oil company, KazMunayGas, and a consortium of some of the world’s biggest oil companies, including ExxonMobil and Royal Dutch Shell.
Oil extraction at Kashagan, a large oil and gas field located in the north of the Caspian Sea was re launched in autumn 2016. The volume of production and export from the field has already exceeded 1 million crude oil and condensate. LS website reported that the figure of 1 million in export was reached on January 8, 2017.
Currently, the production rate is estimated at 180,000 bpd.
Kazakhstan enters the top 15 countries in the world when it comes to essential oil reserves, having 3 percent of the world’s total oil reserves. There are 172 oil fields, of which more than 80 are under development. More than 90 percent of oil reserves are concentrated in the 15 largest oil fields – Tengiz, Kashagan, Karachaganak, Uzen, Zhetybai, Zhanazhol, Kalamkas, Kenkiyak, Karazhanbas, Kumkol, North Buzachi, Alibekmola, Central and Eastern Prorva, Kenbai, Korolevskoye. Oil fields can be found in six of the fourteen provinces of Kazakhstan.