kazakhstan oil production history

Production of crude oil and natural gas condensate from the oil and gas basins of Kazakhstan amounted to 79.2 million tonnes (77.9 million long tons; 87.3 million short tons) in 2012 up from 51.2 million tonnes (50.4 million long tons; 56.4 million short tons) in 2003. Because international oil companies began to participate in Kazakhstan’s petroleum sector, and as presalt deposits became technically and commercially viable, these fields have become the foundation of the country’s petroleum liquids production.Overall investment in the oil and natural gas industry declined in response to lower oil prices after 2013. Continued expansion and diversification of Kazakhstan’s petroleum liquids transport capacity, particularly export capacity, is key to its future ability to increase production.Another export route possibility for Caspian crude oil is via swaps with Iran. In addition, conventional drilling and production technologies such as fixed or floating platforms cannot be used because of the shallow water and cold climate. Kazakhstan’s recent oil production has primarily been at the giant Tengiz and Karachaganak onshore fields in the northwest of the country and the offshore Kashagan field in Kazakhstan’s territory in the Caspian Sea. Because of Kazakhstan’s landlocked location and the continued use of Soviet–era infrastructure, much of Kazakhstan’s oil and natural gas export infrastructure is integrated with Kazakhstan also exports crude oil via the Caspian Sea and via rail. The key to its continued growth in liquids production is the development of its giant Tengiz, Karachaganak, and Kashagan fields. Kazakhstan, an oil producer since 1911, has the second–largest oil reserves and the second–largest oil production after Kazakhstan is a major oil producer. The Atyrau refinery uses only domestic crude oil from northwest Kazakhstan, and the Shymkent refinery currently uses crude oil from the oil fields at Kumkol and the nearby area in central Kazakhstan. However, the development of these fields was not possible at the time because of the technical challenges of developing the deep, high–pressure reservoirs. Kazakhstan is rich in a variety of minerals, and mineral and coal deposits are concentrated in the north and center of the country. It was created in August 2014 to absorb the functions of the Ministry of Oil and Gas and parts of the functions of the Ministry for Industry and New Technologies and the Ministry for Environment and Water Resources.

"Kazakhstan’s oil, like blood, fed the economic and political system. Aktau also has a smaller refinery that processes heavy crude oil produced at a nearby field to make bitumen for road construction.Kazakhstan’s largest petroleum liquids fields also contain substantial volumes of natural gas, most of which is reinjected into oil wells to improve oil recovery rates.Most of Kazakhstan’s natural gas reserves are in crude oil or condensate—rich fields. The lack of access to the open ocean makes the country dependent mainly on pipelines to transport its hydrocarbons to world markets. Exploration in those provinces in which oil and gas has already been extracted had, by 2010, led to the discovery of more than 200 oil, gas, oil-and-gas and condensate hydrocarbon accumulations. Kazakhstan started looking for ways to use its renewable energy sources. Crude Oil Production in Kazakhstan averaged 1198.79 BBL/D/1K from 1994 until 2020, reaching an all time high of 1976 BBL/D/1K in February of 2020 and a record low of 407 BBL/D/1K in November of 1995. [8] Although plans have long existed to build additional nuclear power plants, little progress has been made on constructing these units. In July 2016, the Tengiz partners made a final investment decision to proceed with the Future Growth Project. Kazakhstan’s coal basins, which lie in the north and center of the country, could also be a source of natural gas supplies for areas of the country that are located far from existing natural gas production and infrastructure.
Kazakhstan is also a transit country for oil and natural gas pipeline exports to Kazakhstan is one of five countries that border the Oil field production in the Kashagan field began a significant ramp–up in 2017 after years of delays. Kazakhstan oil features Between 1999 and 2004, Kazakhstan oil production grew by about 15 percent every year, resulting in nearly a doubling (roughly) of oil production. The two largest petroleum liquids fields, Karachaganak and Tengiz, are also the two largest natural gas fields.Much of Kazakhstan’s gross natural gas production is reinjected (more than 35% in 2016) to increase oil production. Full capacity for the first phase of development is 370,000 b/d, and all oil produced at Kashagan will be exported.Many of the repeated delays at Kashagan were the result of the field’s adverse operating environment and complexity, resulting in significant cost overruns.

[2]Kazakhstan’s Law on Subsoil and Subsoil Use (Subsoil Use Law) governs investments in the oil and natural gas industries. This expansion project is expected to be completed by 2022, bringing about 260,000 b/d of additional liquids production from Tengiz. Download historical data for 20 million indicators using your browser.Direct access to our calendar releases and historical data. Oil is loaded onto tankers or barges at Kazakhstan’s port of Aktau or the smaller Atyrau port and then shipped across the Caspian Sea, where it is loaded onto the Baku-Tbilisi–Ceyhan pipeline or the Northern Route pipeline (Baku–Novorossiysk) for onward transport, mainly to Europe.

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