Kazakhstan’s Tengiz and Kashagan fields see production decline in January-November 2024Kazakhstan’s two largest oil and gas fields, Tengiz and Kashagan, saw a decline in production in the first 11 months of 2024, Energy Minister Almassadam Satkaliyev reported on Tuesday.“At Tengiz, oil production totaled 25.9 million tonnes during this period, down 2.1% from last year’s figure of 26.5 million tonnes,” Satkaliyev said in his report presented at a government meeting in Astana.The report pointed to a steeper decline at Kashagan, where production totaled 15.8 million tonnes from January to November 2024, down from 17.1 million tonnes a year earlier, reflecting a 7.6% decrease.Meanwhile, output at the Karachaganak field edged up to 11.1 million tonnes, a 0.9% increase from last year’s 11 million tonnes.The report outlined key reasons behind the production decline. At Tengiz, extensive maintenance work lasting a total of 50 days was carried out in May and August 2024 to prepare for the Future Growth Project. Additionally, unscheduled repairs at the second-generation plant, caused by an internal steam leak, began on October 26 and are ongoing.At Kashagan, repairs were undertaken in the fall to replace the slug catcher, leading to a full 21-day shutdown of operations.Tengiz, located in Kazakhstan's Atyrau region, is one of the country's largest oil fields, holding oil reserves of 3.1 billion tonnes. According to the latest company data, the field produced 14.4 million tonnes of oil (114.6 million barrels) in January-June 2024, marking a 3.4% decline compared to the same period in 2023.Tengizchevroil LLP, the consortium operating the field, includes Chevron (50%), ExxonMobil Kazakhstan Ventures Inc. (25%), Kazakhstan's KazMunayGas (20%), and Lukoil (5%).Kashagan field is Kazakhstan's first Caspian offshore oilfield and its biggest international investment project. Its recoverable reserves range from 9 billion-13 billion barrels of oil. Commercial production at Kashagan started on November 1, 2016. Kashagan produced 18.8 million tonnes of oil in 2023.The shareholders of NCOC, the operator of the Kashagan field, are KMG Kashagan B.V., Shell Kazakhstan Development B.V., Total EP Kazakhstan, AgipCaspian Sea B.V. and ExxonMobil Kazakhstan Inc., each with 16.807% stakes, as well as CNPC Kazakhstan B.V. with 8.333% and Inpex North-Caspian Sea Ltd. with 7.563%. (ICE ALMATY)

Fonte notizia: INTERFAX