Head of the Association of Oil Service Companies,Rashid Zhaksylykov: «We are Looking Forward to the Development of the Kalamkas-Sea»
Development of the offshore field Kalamkas-sea can begin soon in Kazakhstan. The project, cost of which is estimated at $7 bln, based on the complexity and level of investment is comparable to the giant Kashagan. And it is possible to speed up its implementation using the already accumulated experience on the shelf. Chairman of the Presidium of Association of Oil Service Companies of Kazakhstan, Rashid ZHAKSYLYKOV, talked about the prospects for the most long-awaited projects in the country’s oil and gas sector and the development of the domestic oilfield service companies in an interview with Interfax-Kazakhstan.
October 1, a three-year dispute between the government of Kazakhstan and shareholders of the international consortium Karachaganak Petroleum Operating B.V. (KPO) on the division of profit from the activities of the consortium has ended. On this day, the government represented by the Ministry of Energy of Kazakhstan, the Ministry of Finance of Kazakhstan and the competent authority – PSA LLP – and the shareholders of the Karachaganak project represented by Eni, Shell, Chevron, LUKOIL and KazMunayGas signed the "Principles Agreement" that set forth the major terms for the settlement of the dispute over the so-called "fairness index".
In Kazakhstan, in January-June of 2018, 38.527 mln tons of crude oil and 6.629 mln tons of gas condensate were produced, which, respectively, by 7.6% and 0.9% less in comparison with January-June of 2017, the statistics Committee of the Ministry of Economy reported. In the reporting period, 12.06 bln cubic meters of natural gas in the gaseous state were produced in the country (4.5% more). Production of associated petroleum gas in the reporting period amounted to 16.457 bln cubic meters (11.7% more).
Various recovery methods and bottom-hole zone stimulations, including the thermo-gas-chemical action, are applied in order to increase the current productivity of wells and enhanced oil recovery at the fields of the Republic of Kazakhstan.
The name of the Zangar program, means “prominent” in Kazakh and was selected by a vote of local youth. Through life skills development and Science, Technology, Engineering, and Math (STEM) education, the program aims to equip Atyrau youth for success. Zangar is part of Chevron’s “Atyrau Youth Development Initiative” and was developed by the International Youth Foundation (IYF) in partnership with the Akimat of Atyrau region.
This year, the oil industry of Kazakhstan celebrates an important date, the 25th anniversary of Tengizchevroil. A quarter of a century ago, on April 6, 1993, a historical agreement was concluded with Chevron transnational corporation on joint development of the giant oil field of Tengiz; it was known as the “contract of the century”.
Effective from 8 June 2018, Kazakhstan introduces a revised procedure for exercising state control and supervision over businesses' compliance with the local legislation requirements.
The amendments are mostly intended to more extensively use preventive measures, without instituting administrative proceedings. The list of the areas of activities subject to control has been reduced (leaving out 20 areas of activities out of 114 and 108 controlling functions of governmental agencies out of 544). The Administrative Code of the Republic of Kazakhstan no longer contains 47 articles previously providing for administrative liability of businessmen.
The 26th Kazakhstan International Oil and Gas Exhibition and Conference - KIOGE 2018 took place in Almaty in the end of September. 252 companies from 15 countries took part in the exhibition, who demonstrated oil and gas equipment, automation systems, technologies for wells drilling and completion, equipment for processing and other industry innovations. 3583 specialists from 50 countries visited the exhibition.
August 12, during the Fifth Caspian Summit in Aktau the heads of Azerbaijan, Iran, Kazakhstan, Russia and Turkmenistan have adopted the Convention on the Legal Status of the Caspian Sea. Zulfia Amanzholova, Foreign Ministry's Ambassador at Large of Kazakhstan, comments on the results of the Summit.
The Parties to this Convention, the Caspian littoral States – the Republic of Azerbaijan, the Islamic Republic of Iran, the Republic of Kazakhstan,the Russian Federation and Turkmenistan ...