KPO signs services agreement for development in Kazakhstan

June 18, 2024
Karachaganak Petroleum Operating let a contract to Technip Energies for development of Karachaganak field in northwest Kazakhstan.

Karachaganak Petroleum Operating BV (KPO) has let a contract to Technip Energies, through its joint-venture TKJV LLP with KPSP, for development of Karachaganak gas and condensate field in northwest Kazakhstan near Aksai.

The 5-year frame agreement covers a range of services, from consulting and concept to detailed engineering aimed at “optimizing and expanding the existing facilities and infrastructure” of the field, the service provider said in a release June 18.

An expansion project contemplates the implementation, in subsequent stages, of gas treatment and reinjection plants in order to maintain the liquid production profile.

Karachaganak field covers an area of over 280 sq km and holds estimated hydrocarbons initially in place (HIIP) of 13.6 billion bbl of liquids and 59.4 tcf of gas, with estimated gross reserves of over 2.4 billion bbl of condensate and 16 tcf of gas.

In 2023, hydrocarbon production in Karachaganak reached 142.698 MMboe, while 12,650 bcm of gas, about 56.5% of the total gas produced, was re-injected to maintain reservoir pressure.

KPO is a joint venture of Eni SpA (29.25%), Shell plc, (29.25%), Chevron (18%), Lukoil (13.5%), and KazMunayGas (10%).