Joint-stock (JSC) National Company (NC) KazMunayGas (“KMG” or “Company”), Kazakhstan's national vertically integrated oil and gas company, announced its operating results for 2020.
The North-West Kyzylkiya field began its story in 2003-2004, when engineers carried out 2D and 3D field seismic surveying in the southern section of the Turgai depression and created structure maps for potential oil deposits, resulting in the North-West Kyzylkiya field opening as a result of well No. 34 being drilled in 2004.
Over this period KPO produced more than 75 million barrels of oil equivalent of stable and unstable liquid hydrocarbons, export raw gas and sweet fuel gas.
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A modern gas processing plant will be built near the giant Kashagan offshore field.
AKSAI, West Kazakhstan Oblast, 6 February 2020 - Karachaganak Petroleum Operating B. V. (KPO) has announced its performance results for 2019.
The Ministry of Energy of Kazakhstan is developing a roadmap for the Khazar and Kalamkas-Sea projects after the withdrawal of investors – the Consortium of North Caspian Operating Company (NCOC) and Shell. This was reported in early November by the press-service of the Ministry of Energy of the Republic of Kazakhstan.
After the completion of the modernization program of its refineries, Kazakhstan completely covered the demand of the domestic market for gasoline and diesel fuel. But it is still not possible to start exporting surpluses.
AKSAI, West Kazakhstan Oblast, 6 December 2019 - Karachaganak Petroleum Operating B.V. (KPO) has announced successful start-up of the 5th Trunk Line Project and Gas Injection Well # 9863, which is the first out of three Gas Injection Wells for this project.
AKSAI, West Kazakhstan Oblast, 14 October, 2019 - Karachaganak Petroleum Operating B.V. (KPO) announced successful completion of 2019 Turnaround.
In 2017, Van Oord finished local dredging operations on a 72-kilometres long channel in the Caspian Sea.
The volatility of oil prices today depends not only on the geopolitical situation, but also on the emergence and introduction of new technologies and facilitation of processes. There is still no clear definition of what digitalization is: works (Artificial Intelligence), services (Clouds computing) or goods (IIOT). Nevertheless, this word successfully attracts funding: companies are ready to invest, waiting for the birth of a new solution that will bring even more profit. Few conferences, forums and business meetings do without the word “digitalization”. In order not to get confused in a difficult choice and not to become hostages of venture financing, it is necessary to clearly understand what trends are emerging today in the field of digitalization of the oil and gas industry in Kazakhstan.
The Memorandum of Understanding signed on May 17 between the national company KazMunayGas and British Petroleum (BP) demonstrates not only the interest of one of the leaders of the world oil production in cooperation with KMG in the field of exploration, development, and production but also marks a new stage in the development of the oil and gas industry of the country and its national company.