Officials inaugurated the Aral oil storage and rail loading terminal in western Kazakhstan owned 50-50 by Tethys Petroleum Ltd. and its Kazakh oil trading partner’s company, Olisol Investment Ltd.
Officials inaugurated the Aral oil storage and rail loading terminal in western Kazakhstan owned 50-50 by Tethys Petroleum Ltd. and its Kazakh oil trading partner’s company, Olisol Investment Ltd.
First commercial shipments are expected in February 2012. The opening will enable Tethys to double production from Doris field to 4,000 b/d of oil by reducing truck hauling.
Wells in and near Doris field have tested at a combined rate of more than 13,000 b/d, and the partners plan to expand the rail terminal to 12,000 b/d within a year.
The Aral terminal will also provide a closer offloading point for refined oil products, equipment, and materials required at Doris, greatly lowering costs.
About the Author
Alan Petzet
Chief Editor Exploration
Alan Petzet is Chief Editor-Exploration of Oil & Gas Journal in Houston. He is editor of the Weekly E&D Newsletter, emailed to OGJ subscribers, and a regular contributor to the OGJ Online subscriber website.
Petzet joined OGJ in 1981 after 13 years in the Tulsa World business-oil department. He was named OGJ Exploration Editor in 1990. A native of Tulsa, he has a BA in journalism from the University of Tulsa.
