On Tuesday, May 28, Prime Minister of the Republic of Kazakhstan Askar Mamin held a meeting with Managing Director of ExxonMobil in Kazakhstan Dinesh Sivasambu, Press Service of the Prime Minister reports.
“This year, it is planned to produce about 12.9 million tons of oil and 8 billion cubic meters of gas at Kashagan. After the reconstruction, oil production was resumed at the field, starting from the level of 70 thousand barrels per day,” the press service reports, citing data from the Ministry of Energy of the Republic of Kazakhstan.
It is noted that taking into account the gradual increase, the daily volume will reach 370-400 thousand barrels of oil in the nearest future.
In general, during the meeting, the parties discussed topical issues and promising areas of cooperation in the oil and gas industry, including the implementation of joint projects on development of Tengiz and Kashagan fields.
“Capital repairs are also planned at the facilities of Tengiz field. The issues of exploration of Kalamkas-Sea field together with Khazar field are being worked out in parallel,” the Ministry says.
Let us recall that ExxonMobil (US) Corporation holds 25% of shares in Tengizchevroil LLP, developing Tengiz and Korolevskoe oil and gas fields. It also holds 16.8% of shares in North Caspian project on exploration of offshore oil and gas fields, such as Kashagan, Kalamkas-Sea, Kairan, Aktoty and Kashagan South West.