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CPC reveals plan for Kashagan oil pumping in 2017

1 February 2017 12:40 (UTC+04:00)
CPC reveals plan for Kashagan oil pumping in 2017

By Kamila Aliyeva

The Caspian Pipeline Consortium (CPC) received request for pumping of 10.4 million tons of Kashagan oil in 2017, the consortium reported.

Currently Kashagan oil is pumped to export through the CPC pipeline system to Russian Novorosiysk port on the Black Sea and by Atyrau-Samara pipeline to Russian Ust –Luga port in the Gulf of Finland. From these ports oil is exported to European countries via tankers.

With increasing output volumes, the project shareholders consider possibility of oil export by Atyrau –Alashankou pipeline to China and by Kazakhstan Caspian Transportation System to Baku and further by pipelines connecting Baku and Black sea ports.

Currently, the production rate is estimated at 180,000 bpd.

Kashagan, first discovered in 2000, is considered to be the world's largest discovery in the last 30 years, combined with the Tengiz Field. Oil extraction at Kashagan, a large oil and gas field located in the north of the Caspian Sea was re launched in autumn 2016.

The volume of production and export from the field has already exceeded 1 million crude oil and condensate. LS website reported that the figure of 1 million in export was reached on January 8, 2017.

The project participants are KMG Kashagan BV (16.88 percent), AGIP Caspian Sea BV (nearly 16.81 percent), CNPC Kazakhstan BV (8.33 percent), Exxon Mobil Kazakhstan Inc. (nearly 16.81 percent), INPEX North Caspian Sea Ltd. (nearly 16.81 percent), Shell Kazakhstan Development BV (nearly 16.81 percent), and Total E&P Kazakhstan (nearly 16.81 percent).
The field is operated by North Caspian Operating Company BV (NCOC).

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