Kazakhstan’s oil production

Kazakhstan’s oil production

Kazakhstan, an oil producer since 1911, has the second largest oil reserves as well as the second largest oil production among the former Soviet republics after Russia.

Kazakhstan is a major oil producer, and estimated total liquids production was 1.64 million barrels per day (bbl/d) in 2013.

Kazakhstan’s current production is dominated by two giant fields: Tengiz and Karachaganak, which produce about half of Kazakhstan’s total output. The newly-started Kashagan field will also play a major role in Kazakhstan’s oil production in the coming years.

Kazakhstan’s proven oil reserves were estimated at 30 billion barrels by the Oil and Gas Journal in January 2013. The country’s main oil reserves are located in the western part of the country, where the five largest onshore oil fields (Tengiz, Karachaganak, Aktobe, Mangistau, and Uzen) are located. These onshore fields account for about half of current proven reserves, while the offshore Kashagan and Kurmangazy oil fields, in Kazakhstan’s part of the Caspian Sea, are estimated to contain at least 14 billion barrels, with Kashagan accounting for around 9 billion barrels.

Oil and Gas Press

Source: eia.gov-Kazakhstan

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