Emblem
Official Source of the
Prime Minister of the
Republic of Kazakhstan
Menu
Emblem
Close button

Oil production plan to be exceeded in 2019 — Ministry of Energy

Friday, 06 December 2019, 16:34:05

Vice Minister of Energy Asset Magauov spoke about the development of the Kazakhstan’s oil industry at a press conference in the Government.

According to Magauov, in January-November 2019, preliminary oil production amounted to 82.5 million tons. At the same time, the country's oil production plan for 2019 is 89 million tons. Until the end of 2019, it is expected that the oil production plan will be slightly exceeded by 90.5 million tons.

Our main production comes from three large projects. 60% of production is provided by Tengiz, Karachaganak and Kashagan. In 2019, three of these projects underwent corresponding overhauls. In general, production is stable,” said Magauov.

So, the production at the Kashagan field after completion of the overhaul has reached the level of more than 370 thousand barrels per day.

Due to the project of the future expansion of Tengiz field and expansion of capacities for gas re-injection of the Kashagan field, production is projected to increase from 2023 to 100 million tons.

For other companies, a natural decline in oil production is projected. The main decline is forecasted in the fields of the Kyzylorda region in connection with the late stage of development of the main fields.

In general, we will keep the production bar at the level of 90 million tons per year for the next 2-3 years,” Magauov said.

The vice minister said that important investment projects are in the active phase of construction: wellhead pressure management, expansion of Karachaganak and further development of the eastern part of the Kashagan field.

The total cost of the project for future expansion / wellhead management is estimated at $36.8 billion. Progress on the overall implementation plan is already about 72%. About $28.5 billion was mastered. It is planned to complete the project on schedule.

In addition, it is planned to implement a large project to maintain the current production target of $11.5 million tons at the Kashagan field. Total investments are estimated at around $3 billion.

To further expand the Kashagan field, partners are developing a concept for the full-scale development of the eastern part of the field. It is expected that in 2020 the first concept for the development of this part of the field will be presented at the Ministry of Energy.


News feed
05 June 2020, 22:30
Historical monuments, athletes training and tourism industry — how culture and sports develop today in Kazakhstan
05 June 2020, 12:53
Aidyn Ashuev appointed Executive Secretary of the Ministry of Finance of the Republic of Kazakhstan
04 June 2020, 22:27
Distance learning, online enrollment in first grade, creation of schools network named after Abay — how Kazakhstanis remembered another academic year
04 June 2020, 17:21
Prime Minister Askar Mamin holds meeting of State Commission on Restoring Economic Growth
04 June 2020, 13:00
Askar Mamin: Attracting investment is one of key drivers of economic growth recovery
04 June 2020, 10:15
Akimats of several regions instructed to strengthen control over compliance with sanitary and epidemiological requirements
04 June 2020, 08:55
Serik Shapkenov appointed vice minister of labor and social protection of the population of the Republic of Kazakhstan
04 June 2020, 08:41
Roman Sklyar arrives in Akmola region for a working trip
04 June 2020, 02:02
Results of agro-industrial complex for 4 months of 2020: Creating new capacities, increasing crops area and introducing digitalization
04 June 2020, 01:29
New enterprises, road construction, housing — development of industrial sector of Kazakhstan
03 June 2020, 16:24
Akmadi Sarbassov appointed first vice minister of labor and social protection of the population of Kazakhstan
03 June 2020, 02:14
Increased funding and local content: Low housing construction developed in Kazakhstan
02 June 2020, 11:13
Over 131 thousand students to take part in UNT in 2020 — Ministry of Education and Science
02 June 2020, 10:40
Employment measures planned to reach 1 million 220 thousand people in 2020 — Ministry of Labor
02 June 2020, 10:33
Prime Minister Askar Mamin instructs to ensure high-quality implementation of UNT in compliance with sanitary requirements
02 June 2020, 10:19
Employment is of paramount importance — Askar Mamin
01 June 2020, 18:57
Algorithms for operating tourist facilities developed in Kazakhstan
01 June 2020, 16:27
Government session to be held June 2 in Ukimet Uyi
29 May 2020, 18:15
Prime Minister Askar Mamin: It is necessary to strengthen the factor of self-sufficiency of CIS countries
29 May 2020, 15:56
Interdepartmental Commission decides to remove checkpoints and resume activities of several industries
28 May 2020, 15:12
Two hundred and thirty best specialists in 11 industries work to increase competitiveness of Kazakhstan
28 May 2020, 01:23
Oil production, gas supply and investment attraction — review of energy sector in Kazakhstan
27 May 2020, 11:36
Prime Minister of Kazakhstan Askar Mamin presented Dostyk Order to UAE Ambassador Mohammed Al-Jaber
26 May 2020, 19:52
Intergovernmental Commission considers issues of strengthening quarantine enforcement
26 May 2020, 11:43
Steady growth of 4% maintained in livestock industry — Ministry of Agriculture
26 May 2020, 11:04
In 2020, it is planned to sow crops on area of ​​22.5 million hectares — Ministry of Agriculture
26 May 2020, 10:51
Efforts in livestock development will be aimed at increasing self-sufficiency and exports — Askar Mamin
26 May 2020, 10:18
Kazakhstan has real potential to become one of world’s food hubs — Askar Mamin
25 May 2020, 22:33
Modernization of pharmaceutical industry and production of protective products: How Kazakhstani enterprises developed during emergency state
25 May 2020, 19:39
Interdepartmental Commission decides to resume several types of activities in regions
25 May 2020, 15:01
Government session to be held May 26 in Ukimet Uyi
24 May 2020, 11:00
Video Digest: Main events of the week, No. 62
24 May 2020, 08:38
Prime Minister Askar Mamin congratulated Kazakhstanis on Oraza Ait
23 May 2020, 22:19
Small and medium-sized enterprises, investment, and exports: What Almaty region focused on
23 May 2020, 21:38
Video Digest: Results of Prime Minister Askar Mamin’s working trip to Almaty region
23 May 2020, 17:26
Prime Minister Askar Mamin gets acquainted with state of hydraulic structures and implementation of development programs in Almaty region
22 May 2020, 16:24
Prime Minister Askar Mamin inspects restoration works in Maktaaral district of Turkistan region
21 May 2020, 12:44
Capital should be an example for all regions — Askar Mamin
20 May 2020, 18:00
Roman Sklyar discusses development of bilateral cooperation in engineering with German companies
19 May 2020, 15:22
Since beginning of 2020, 118 thousand people employed under Enbek program — Birzhan Nurymbetov
19 May 2020, 14:08
Ruslan Dalenov: Main goal of implementing Integrated Plan — to ensure employment of people
19 May 2020, 13:53
Each year, state will purchase 365 thousand tons of agricultural products
19 May 2020, 12:36
Who can purchase housing under new program 5-10-20
19 May 2020, 11:49
Integrated plan to help restore economic activity by the end of 2020 — Ruslan Dalenov
19 May 2020, 10:02
Government adopts Integrated Plan for Recovering Economic Growth
19 May 2020, 09:01
Prime Minister Askar Mamin introduces new minister of finance
19 May 2020, 08:25
Roman Sklyar inspects progress of restoration work in Turkistan region
18 May 2020, 21:03
Total supply of socially significant food products in Kazakhstan is 720 thousand tons
18 May 2020, 17:44
Interdepartmental Commission considers epidemiological situation in the country
18 May 2020, 17:03
Government session to be held May 19 in Ukimet Uyi
© 2019 - 2020 Press service of the Prime Minister of the Republic of Kazakhstan.
Developed by SoftDeCo.