Kashagan production said to be on target

Production at giant Kashagan oil field in the Caspian Sea off Kazakhstan is on track to reach a targeted 370,000 b/d by yearend.

Production at giant Kashagan oil field in the Caspian Sea off Kazakhstan is on track to reach a targeted 370,000 b/d by yearend (OGJ Online, Oct. 17, 2016).

Sauat Mynbayev, chief executive officer of state-owned KazMunayGas, which holds a 16.88% interest in North Caspian Operating Co. BV, told the Kazakhstan National Information Agency onshore facilities can handle production of 450,000 b/d.

The higher rate would require gas injection, for which no decision has been made, he said.

Discovered in 2000, the field was shut in quickly after production started in 2013 because of gas leakage in a marine pipeline. It restarted last September.

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