Projects
«KazTransGas» Involves Investors for Astana Gasification
#6 (96), December 2015
National company "KazTransGas" implements the order, issued by the President of Kazakhstan on gasification of Astana and the northern regions of Kazakhstan. The meeting of the Kazakhstan-British Intergovernmental Commission on trade-economic, scientific-technical and cultural cooperation took place in the course of the visit of President of the Republic of Kazakhstan Nursultan Nazarbayev to the UK. Within the framework of the meeting, Memorandum of Understanding has been signed between «KazTransGas» JSC and the British Independent Power Corporation PLC.
Caspian Overdrive
#5 (95), October 2015 special issue
Failures at Kashagan make the official Astana boost other exploration projects in Kazakhstan’s sector of the Caspian Sea
The national company KazMunayGas spent twelve years (!) to obtain the rights to develop the Issatay area at the Caspian offshore, that finally allowed to establish a JV (joint venture) to develop this promising sector. It is not a joke: Back in 2003 KMG filed an application to the competent authority for direct negotiations and for obtaining the subsoil use rights with enclosure of “Preliminary program of exploration and evaluation of Issatay area”.
Oil Worker Searching for a Job
#5 (95), October 2015 special issue
Nine people per place
The slump in world oil prices has significantly changed the industry landscape. Now not only the producing and oil service companies are tightening their belts, but people as well. According to the statistics of recruiting agencies, 9% fewer jobs in hydrocarbon production were posted in the open market than in the past. Layoffs are underway; as a result, many experts have to change their field of activity. Those remaining in the oil industry face the increased employer’s requirements.
Launch of Kashagan Scheduled for Late 2016
#4 (94), September 2015
The resumption of oil production at Kashagan offshore field in the Kazakh sector of the Caspian Sea, which was interrupted after the detection of leaks in pipelines, has been scheduled for the second half of 2016. By this time, the drilling of additional wells on artificial islands will be have been completed. By the end of 2017, Kashagan will have reached peak production of 370 thousand barrels per day.
WTO will Cancel Kazakhstani Content
#4 (94), September 2015
The requirements on local content in the oil and gas projects will be cancelled starting from January 1, 2021. This is one of the conditions for Kazakhstan to join WTO. Ministry of Energy of the Republic of Kazakhstan has been negotiating with major subsoil users to verify that they urge their suppliers of goods and services to create a joint venture in Kazakhstan and to share their experience and technology with the local professionals
Tengiz without the Yellow Pyramids
#4 (94), September 2015
Rzabek Artygaliev, Tengizchevroil General Manager of Policy, Government and Public Affairs tells about the unique project on the production and sale of sulfur.
The oil and gas complex in the Tengiz field in the west of Kazakhstan is one of the largest and technically sophisticated enterprises in the modern oil industry. The Tengiz field is unique in its high temperature, abnormal reservoir pressure and high content of hydrogen sulfide. Tengiz pre-salt oil contains approximately 13% of aggressive H2S, therefore the “black gold” production and processing technologies are based on a single idea - resistance to an aggressive environment. To turn into commercial oil, extracted crude passes through several decontamination stages, and extracted H2S is neutralized via separation into components.
All Merits to Workers
#4 (94), September 2015
In August, on the eve of the Oilmen Day, 58 best experts of KazMunayGas Exploration & Production company, gathered in Aktau and Zhanaozen for celebration. Only 58 people from 26 thousand employees proved that they deserve to take part in the 8th competition of professional mastership -Best Specialist. During two days, the representatives of four oil-production units of the KMG E&P demonstrated their professional skills, but they also enjoyed socializing with their colleagues
Technologies for «Smart Energy»
#4 (94), September 2015
On August 19-20 of this year, Almaty hosted the International Summit on Innovative ICT-solutions that help creating the smart energy-"Innovative ICT Enables Smart Energy-Huawei Global Energy Summit-2015".
The Summit was attended by more than 200 participants, including the representatives of the KAZENERGY Association, theGeneral Consulate of China in Almaty, customers of the energy industries from the countries of Central Asia, Middle East, North Africa and China, partners of global importance, such as CNPC Richfit, China Petroleum Pipeline Engineering Corporation (CPPE), Honeywell, ABB, SAP, leading analysts known international agency Forrest, as well as the experts and media representatives, working in the international oil and gas industry.
Cheap Oil Devalues Offshore Projects
#3 (93), June 2015 special issue
Sauat Mynbayev,Chairman of the Board of the National Company KazMunayGas stated this spring that the oil production at the largest offshore Kashagan field is feasible only if the minimum corridor in the global prices varies from 80 to 100 dollars per barrel. Though the cracked pipeline prevent the operations, it means that given the current level of prices it would be unprofitable to produce oil.
KMG Building Up
#3 (93), June 2015 special issue
The decline in oil prices has forced the oil companies around the world to reduce investment expenses. At the end of last year, the National Company KazMunayGas also had to revise its capital expenditure plan. As a result, the actual capital expenditure were reduced by 31% of the planned one. However, as stated by the Company, it had no effect on geological exploration projects.
In Search of New Rules of the Game
#3 (93), June 2015 special issue
Kazakhstan is reforming its subsurface resources legislation to make it consistent with international standards. This is especially important in today's world plagued by global instability, the global financial crisis and competition for investors. Last week, a task force creating a new fiscal system for subsurface resources management told what reforms it deems necessary at a conference for oil and gas lawyers held in Kazakhstan's oil capital Atyrau.
High Octane Values
#3 (93), June 2015 special issue
In best case, the fourth oil refinery in Kazakhstan will be established not earlier than in seven years. Though after upgrading works the existing refineries will be able to produce the items that meet Euro-4 and Euro-5 standard in the volume, exceeding the demand, Galymzhan Amanturlin believes that additional processing capacity of crude oil is needed by the country.
Euro-Asia Air Is Open for Investment Opportunities
#3 (93), June 2015 special issue
In January 2014, the President Nursultan Nazarbayev, in his annual Message to the Nation assign to ensure a second wave of privatization, which shall establish a new class of owners and increase the competitiveness of the national economy. In particular, the Government had been requested to undertake an analysis of all of the companies with State participation, to determine the list of enterprises to be transferred to the private sector, and to adopt a comprehensive program of privatization for the medium term.
Eurasia: Known Better Days
#2 (92), April 2015 special issue
Shocking drop in the global oil prices, which happened at the end of the last year and the beginning of this year, has seriously complicated the implementation of an ambitious project, created to support the investment image of Kazakhstan, damaged due to Kashagan issues, on the one hand, and to replenish its resources of oil and gas, on the other.
Pre-Salt Oil
#2 (92), April 2015 special issue
In the last year and a half, dramatically increased subsalt oil exploration has become a steady tendency in oil search in the Atyrau region. Such works are more expensive, the risks of loss are much higher, but the companies are not stopped with this. After all, the stakes are higher as well – it is these horizons, where future large discoveries are expected.
KPO Announces Senior Management Changes
#2 (92), April 2015 special issue
Karachaganak Petroleum Operating B.V. (KPO) announced on April 01, 2015 two seniormanagement appointments. Renato Maroli takes over from Damiano Ratti as the new KPO General Director, whilst Andrew Wiper steps in as the new Operations Director and Deputy General Director.