Kashagan oil exports more than 70 M barrels of oil

12 February 2018

The Kashagan oil field in Kazakhstan is one of the country's brighter prospects, though development has been impeded by a series of issues with infrastructure in a complex reservoir environment. The field was declared a commercial prospect in 2002 and, five years later, Italian energy company Eni, a field partner, said Kashagan could produce more than 1.5 mbpd. Preliminary estimates put the total reserve estimate above 9 B barrels.

The North Caspian Operating Co., said that, it safely produced and exported around 73 M barrels of oil and condensate, an ultra-light form oil, from Kashagan.

Oil is Kazakhstan's primary export commodity and the country is party to a multilateral effort led by the Organization of Petroleum Exporting Countries to balance an oversupplied market with managed production declines.

The NCOC said exports would rely on a mix of existing pipelines and rail. A possible new route for pipelines from the southwest could link Kashagan up to more cross-border and international markets.

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