Kazakhstan's Kashagan Field to Yield 8.9 mln Tonnes in 2017

Source: Reuters 12/7/2016, Location: Asia

Kazakhstan's giant offshore Kashagan field is expected to produce 8.9 million tonnes of oil in 2017 (about 192,000 barrels per day), Kazakh Energy Minister Kanat Bozumbayev told Reuters on Wednesday.

Kashagan had produced more than 600,000 tonnes (4.7 million barrels) since test pumping started there on Sept. 28, of which more than 500,000 tonnes had been exported, he said.

Bozumbayev also said his country was in talks with OPEC and non-OPEC oil producers and would support the organisation's stance on reducing output.

'It is important that all the other (parties to the talks) reach an agreement,' Bozumbayev said. 'We have calculated our (production and consumption) balance and we have our own clear position. Our oil producers will not suffer.'

Bozumbayev said on Tuesday he planned to attend a Dec. 10 meeting of OPEC and non-OPEC producers in Vienna, but did not commit to any output cuts.

Kazakhstan's output has been falling for the last three years, but Kashagan's launch is set to reverse the trend and the Central Asian country has previously said it did not want to cut production further.


Norway >>  6/30/2022 - The authorities have granted consent to start production from the Nova field in the North Sea. Nova will be developed with two seabed templates, one f...
United Kingdom >>  6/30/2022 - Serica Energy plc, announces that at the Annual General Meeting today, presentations will be made by both the Chairman, Tony Craven Walker, and the Ch...

United States >>  6/28/2022 - A privately held exploration and production company with a focus on the deepwater Gulf of Mexico ("GOM"), LLOG Exploration Company, L.L.C. ("LLOG" or ...
Argentina >>  6/27/2022 - The upstream energy firm with a focus on Latin America, Echo Energy plc, reports that AIM Regulation has given the company an extra two months to publ...

United States >>  6/27/2022 - The oil exploration, development, and production company Mosman Oil and Gas Limited ( MSMN) is happy to deliver the following operational update. ...
Canada >>  6/24/2022 - ReGen III Corp. is pleased to provide the following updates regarding its Sale, Purchase and Marketing Agreement with bp.

On May 1, 2021, ...


Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 


Gulf Oil and Gas
Copyright 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.