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Turkish TPAO interested in participating in Kazakh energy projects

Turkish TPAO interested in participating in Kazakh energy projects

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Date: 12 December 2015 23:57

Baku, Azerbaijan, Dec. 12

By Rufiz Hafizoglu – Trend:

The Turkish Petroleum Corporation (TPAO) is interested in participating in energy projects in Kazakhstan, the corporation told Trend.

The corporation said that to date it has not received proposals regarding participation in energy projects in Kazakhstan.

“If Kazakhstan offers the TPAO to participate in energy projects, the corporation will consider this proposal,” said the TPAO.

Kazakhstan’s largest oil fields are Tengiz, Karachaganak and Kashagan.

Tengiz is one of the largest fields in the world. It is being developed by the Tengizchevroil consortium. The project’s license area includes the Tengiz field and the Korolevskoye field, which is smaller, but has significant reserves. Recoverable reserves of the Tengiz and Korolevskoye fields are estimated between 750 million to 1.1 billion tons of oil. The total explored reserves in the drilled and non-drilled sites at the Tengiz field’s reservoir stand at 3.1 billion tons, or 26 billion barrels.

Karachaganak is also one of the world's largest fields. Its oil and condensate reserves stand at 1.2 billion tons, and gas reserves exceed 1.35 trillion cubic meters.

Almost 45 percent of gas and 16 percent of oil produced in Kazakhstan are being extracted from this field.

Kashagan is a large oil and gas field in Kazakhstan, located in the north of the Caspian Sea. The geological reserves of Kashagan are estimated at 4.8 billion metric tons of oil. The total oil reserves amount to 38 billion barrels; some 10 billion out of them are recoverable reserves.

There are large natural gas reserves at the Kashagan field - over one trillion cubic meters.

The production at the Kashagan field started September 2013, but in October, it was ceased after a gas leak in one of the main pipelines. The analysis revealed numerous cracks in the pipeline, which needed to be completely replaced.

The project’s operator, the North Caspian Operating Co. (NCOC) confirmed the need for a complete replacement of the gas and oil pipelines, which have a total length of about 200 kilometers.

The production at the Kashagan is expected to resume in late 2016.

Follow the author on Twitter: @rhafizoglu

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