Tuesday, March 21, 2023
 
 

KazMunayGaz oil and gas production stable in 2019

- Advertisement -

NUR-SULTAN, Kazakhstan – The level of oil and gas condensate production in 2019 was stable and amounted to 23.6 million tonnes of oil and gas condensate, which corresponds to the level of production in 2018, the press service of national oil and gas company KazMunayGas said in a published report.
“The volume of oil and gas condensate produced by KMG in 2019 amounted to 23.618 million tonnes of oil (485,000 barrels per day), almost unchanged compared to the previous year. The volume of associated and natural gas production increased by 3.9% to 8.4 billion cubic metres,” the report read.
At the same time, the share of the national company KazMunayGas in the production volume of the Tengiz, Kashagan, and Karachaganak projects amounted to 8.1 million tonnes of oil, or 178,000 barrels per day, and 5.819 billion cubic metres of gas, respectively.
KazMunayGas for the first time published the results of reserves prepared in accordance with international standards PRMS – the international system for estimating hydrocarbon reserves.
According to the audit, the proven plus probable hydrocarbon reserves of KMG as of 31 December 2019 amounted to 676 million tonnes, or 5.2 billion barrels, of which 76% of the total reserves are oil and condensate.

- Advertisement -

Subscribe to our newsletter

Co-founder / Director of Energy & Climate Policy and Security at NE Global Media

Latest

EU-Turkey earthquake relief conference: Time to get serious

The European Union is hosting a reconstruction conference in...

Cambodia’s current government is the face of tropical Fascism

There is no hope that the authoritarianism that the world sees in places like Russia, China and Cambodia can ever be interpreted as a peaceful and benign phenomenon, or that it should be accepted by an implicit racist or discriminatory assumption that some cultures just don’t have a democratic tradition and aren’t quite capable of ever developing one.

Energy supply diversification out of Russia’s orbit is a top priority for Bulgaria

Bulgaria intends to diversify its energy resources, including supplying...

Recovery from the disaster of the century needs more than a few months of international assistance

Two devastating earthquakes hit the Turkish-Syrian border on February...

Don't miss

EU-Turkey earthquake relief conference: Time to get serious

The European Union is hosting a reconstruction conference in...

Cambodia’s current government is the face of tropical Fascism

There is no hope that the authoritarianism that the world sees in places like Russia, China and Cambodia can ever be interpreted as a peaceful and benign phenomenon, or that it should be accepted by an implicit racist or discriminatory assumption that some cultures just don’t have a democratic tradition and aren’t quite capable of ever developing one.

Energy supply diversification out of Russia’s orbit is a top priority for Bulgaria

Bulgaria intends to diversify its energy resources, including supplying...

Recovery from the disaster of the century needs more than a few months of international assistance

Two devastating earthquakes hit the Turkish-Syrian border on February...

Georgia has shown the world that a Kremlin project can be defeated

Over the past few days, the world’s attention was...

Energy supply diversification out of Russia’s orbit is a top priority for Bulgaria

Bulgaria intends to diversify its energy resources, including supplying the country’s main refinery in Burgas - the largest in the Balkans - with non-Russian...

Energy-strapped Germany sets ambitious 30 GW offshore wind target by 2030

Germany, which has been struggling to fill its massive energy gap following Russia’s invasion of Ukraine and reduction of natural gas deliveries, is planning...

Georgia, Romania mull Black Sea undersea power cable to supply CEE Europe

Georgia, which is a transit country for oil and gas routes, is spearheading efforts to launch a very ambitious project that would create a corridor for green energy from the Caspian to the Balkans and CEE.

Azerbaijan planning to launch green energy exports to Europe

Azerbaijan, which is already a main exporter of oil and gas, plans to develop its renewable energy potential, especially offshore wind in the Caspian...

A Pan-American electricity grid from Patagonia to Alaska?

Challenges associated with different regulatory frameworks and the comprehensive international treaties that are required could scuttle the project before it gets off the ground.

In Davos, philanthropists back $3 tln initiative for climate & nature

A new global initiative will fund and grow new and existing public, private and philanthropic partnerships to help unlock $3 trillion in financing to reach net zero, reverse nature loss and restore biodiversity by 2050.

Is “cable diplomacy” shaping energy policy in the Mediterranean & Middle East?

The transition towards a carbon neutral economy has become a priority for many governments around the world. Using the UN's 17 Sustainable Development Goals...

UN says ozone layer recovery is on track

UN experts said the ozone layer is on track to recover within four decades, with the global phaseout of ozone-depleting chemicals already benefitting efforts to mitigate climate change.