Oil production at Kazakhstan's Kashagan field reaches full capacity after overhaul - Energy Ministry

ASTANA. Nov 5 (Interfax) - Oil production at the Kashagan field in Kazakhstan reached its full capacity on Sunday, November 3, upon completion of an overhaul, which lasted from October 7 to 28, the Kazakh Energy Ministry told Interfax on Monday.

"We confirm that the deposit has reached its full production capacity," it said.

As reported, operations at the Kashagan field were shut down entirely in the period October 7-28 while a new inlet gas separator was connected and commissioned. The maintenance was completed ahead of schedule.

The ministry adjusted the oil production forecast for Kazakhstan in 2024 from 90.5 million tonnes to just over 88 million tonnes due to the shutdown of the country's largest field.

The Kashagan field is Kazakhstan's first Caspian offshore oilfield and its biggest international investment project. Its recoverable reserves range from 9 billion-13 billion barrels of oil. Commercial production at Kashagan started on November 1, 2016. Kashagan produced 18.8 million tonnes of oil in 2023.

The shareholders of NCOC, the operator of the Kashagan field, are KMG Kashagan B.V. (16,877% of shares), Shell Kazakhstan Development B.V. (16,807%), Total EP Kazakhstan (16,807%), AgipCaspian Sea B.V (16,807%), and ExxonMobil Kazakhstan Inc. (16.807%), as well as CNPC Kazakhstan B.V. with 8.333% and Inpex North-Caspian Sea Ltd. with 7.563%.