Kazakhstan: Major Oil and Natural Gas Projects
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Projected Investment | Project Status |
| Aktobe | CNPC Aktobemunaigaz (CNPC 88%, others 12% ) | 1 billion barrels of oil | $4.1 billion | Producing 116,000 bbl/d of oil (Jan-Feb 2005), 77 Bcf/y of natural gas (2004) |
| Arman | Nelson Resources, Canada (50%); Shell (50%) | -- | -- | Produced 4,200 bbl/d of oil, 850 thousand cubic feet (mcf) in 2004. |
| Emba | Kazakhoil-Emba (Kazmunaigaz subsidiary) 51%, MOL Rt, Vegyepszer (Hungary) combined 49% | 500 million | -- | Producing 57,700 bbl/d of oil (2004); produced 3.1 Bcf of natural gas (2004) |
| North Kumkol | Turgai Petroleum (PetroKazakhstan 50%, Lukoil 50%) | 97m barrels | -- | Producing 70,000 bbl/d of oil (2004); produced 2.3 mmcf/d of natural gas in September 2004 |
| Karachaganak | Karachaganak Integrated Organization (KIO): Agip (Italy) 32.5%; BG (U.K.) 32.5%; ChevronTexaco (U.S.) 20%; Lukoil (Russia) 15% | 2.3-6 billion recoverable barrels of oil & gas condensate reserves; 16-46 Tcf of recoverable natural gas reserves | $4 billion for Phase Two (completed in 2004) | Producing 104,000 bbl/d, 530 million cubic feet per day natural gas (September 2004), 70% of oil exported through CPC; expected production of 200,000 bbl/d and 700 mcf |
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Karakuduk |
Chaparral Resources 60% (60% owned by Nelson Resources), Nelson Resources 40% | Total estimated proved plus probable reserves of approximately 63 million barrels | 25 year development license awarded in 1995 | 8,290 bbl/d, on average, in the third quarter of 2004 |
| Karazhanbas | Nations Energy | -- | $250 million since 1997, $120 million in 2005 | Producing 48,000 bbl/d (3/05), (80-90 thousand bbl/d planned in next 2 years) |
| Kashagan | Agip Kazakhstan North Caspian Operating Company (Agip KCO) (formerly OKIOC): Eni, Total, ExxonMobil, and Shell (18.52%), ConocoPhillips (9.26%), Kazmunaigaz (8.33%), Inpex (8.33%) | 7 billion to 9 billion recoverable (up to 38 billion probable) | Over $600 million spent since 1993 | Production starting in 2008 (initial production slated for 75,000 bbl/d, max 1.2 million bbl/d by 2016) |
| Kazgermunai | Petrokazakhstan (25%), Veba Oel (Germany) 25%; EEG (Germany) 17.5%; IFC 7.5% | 100 million barrels of oil | $300 million | Produced 46,000 bbl/d of oil (9/04) |
| Kumkol (North) | Turgai Petroleum: Petrokazakhstan (50%), and Lukoil (Russia) | 97-300 million barrels of oil | -- | Producing 37,000 bbl/d (4/05), Legal dispute between PKZ and Lukoil has stopped production in the past |
| Kumkol South and South Kumkol | PetroKazakhstan Kumkol Resource (PKKR), wholly owned by PetroKazakhstan | 116 million barrels of oil | Development of export pipeline infrastructure will allow for production growth | |
| Kurmangazy | Kazmunaigaz (50%), Rosneft/Gazprom (50%) | 7.33 billion | -- | Russia and Kazakhstan recently agreed on a plan to develop jointly the disputed field; Start date = 2009 |
| Mangistau | Mangistaumunaigaz (Kazmunaigaz subsidiary) | -- | -- | Producing 105,000 bbl/d of oil (2004); produced 5.4 Bcf of natural gas through first nine months of 2004 |
| North Buzachi | Nelson Resources (50%), China National Petroleum Corp. (50%) | 1 to 1.5 billion barrels of oil | Over $800 million | Producing 8,000 bbl/d (2004), Accelerated development plan approved in 2004 |
| Tengiz | TengizChevroil (TCO): ChevronTexaco (U.S.) 50%; ExxonMobil (U.S.) 25%; Kazmunaigaz 20%; LukArco (Russia) 5%, discovered in1979, agreement signed in 1993 | 6 to 9 billion barrels of oil | $23 billion over 40 years | Producing 280,000 bbl/d of oil (2004 average); expected production of 530,000 bbl/d by 2006, max production of 1 mill. bbl/d by 2012; produced 160 Bcf of natural gas in 2004 |
| Tengiz-Novorossiisk Oil Pipeline | Caspian Pipeline Consortium (CPC): Russia 24%; Kazakhstan 19%; ChevronTexaco (U.S.) 15%; LukArco (Russia/U.S.) 12.5%; Rosneft-Shell (Russia-U.K./Netherlands) 7.5%; ExxonMobil (U.S.) 7.5%; Oman 7%; Agip (Italy) 2%; BG (U.K.) 2%; Kazakh Pipelines (Kazakhstan) 1.75%; Oryx (U.S.) 1.75% | 990 mile oil pipeline from Tengiz oil field in Kazakhstan to Russian's Black Sea port of Novorossiisk; Phase I capacity: 565,000 bbl/d; Phase II capacity: 1.34 million bbl/d (2015) | $2.6 billion for Phase 1; $4.2 billion total when completed | First tanker loaded in Novorossiisk (10/01); exported 450,000 bbl/d in 2004, Target expansion to to 1.3 million bbl/d |
| Uzen | Uzenmunaigaz (Kazmunaigaz subsidiary) 100% |
147 million barrels of oil |
-- | Producing 127,000 bbl/d of oil (2004), 29.8 Bcf of natural gas (Jan-Sep 2004), 30% improvement from 2003 from advanced technologies |
Sources: FSU Oil and Gas Monitor, Reuters, Interfax,
WMRC/Global Insight, Company Websites, Caspian Investor (www.wtexec.com)
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Kazakhstan Country Analysis Brief
Other Useful Links:
Nelson
Resources Field Page
Caspian Pipeline Consortium (CPC) Homepage
Kazmunaigaz Homepage (in
English)