By the end of this year, up to 1 million tons of oil will be produced at the Kashagan field. This was reported to the Kazakh President at the meeting with representatives of the oil industry in Atyrau. According to the Kazakh Energy Minister Kanat Bozumbayev, extracted reserves reach two million tons of oil and about 1,5 trillion cubic meters of gas. On November 1, production at the Kashagan field reached the commercial capacity of more than 75,000 barrels of oil per day. Work continues on increasing the production capacity and its stabilization at around 180,000 barrels per day. Nursultan Nazarbayev was also told about the work of several drills. The primary separation of oil and gas and supply of hydrocarbons to the plant "Bolashak" have been launched on the main site of the artificial island ‘D’. The Caspian Pipeline Consortium has shipped more than 4,000 tankers to the marine terminal near Novorossiysk since 2001. About 500 million tons of oil have been exported.

 

Kanat BOZUMBAYEV, KAZAKH ENERGY MINISTER:

By the end of this year, it is expected to produce up to 1 million tons of oil and 680 million cubic meters of gas. Next year, it is planned to produce up to 8.5 million tons of oil and 5.5 billion cubic meters of gas. It is also planned to increase production to 13 million tons of oil and 9 billion cubic meters of gas per year in the future.

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