Oil production to resume on Kashagan field only in 2014

Oil production on the Kashagan field in the Kazakhstan sector of the Caspian Sea shelf will resume no earlier than 2014, reported The Wall Street Journal referring to the sources familiar with the situation.

It was expected that the commercial volume of oil production at 75,000 barrels a day will be achieved on Kashagan by early October 2013. However, the first time oil production on the field started on September 11, 2013 was suspended on September 25, because of troubles on the gas pipeline. As soon as repair was completed on October 6, 2013, the wells on the Kashagan field have been opened and production has been resumed without any complications. 

Kazakhstan Minister of Oil and Gas Uzakbay Karabalin told journalists that the well achieved the commercial volume of oil production on October 8, 2013. But the traces of the gas leakage were detected during the checkup of the gas pipeline running towards the Bolashak plant on October 9, 2013. The oil production was again suspended on the field.

The same sources said that equipment, which needed to check the pipeline for leakage, will be delivered to the site no earlier than mid-November. The preliminary report about the repair works will be submitted to the Kashagan operators only by the end of December 2013.

The partners of the Kashagan project are KazMunaiGas, Italian Eni, US ExxonMobil, Royal Dutch Shell, French Total and Japanese Inpex. Chinese CNPC has bought 8.33% share from KMG.—0--

 

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