Kazakhstan, Astana, 29 April / Trend D.Mukhtarov /
The increase in reserves of oil and gas condensate in Kazakhstan's national company KazMunaiGas totalled 5.6 per cent, chairman of the Board of the National Company KazMunaiGas JSC Lyazzat Kiinov said on Monday at a press briefing in Astana.
"For the first time after opening the Kashagan field, KazMunaiGas and its strategic partners have recently announced the commercial discovery of oil reserves in two other fields in the Kazakh sector of the Caspian Sea. The increase in proven recoverable reserves under domestic methodology amounted to 98.6 million tons of which 67.6 million tons account for the Kalamkas sea deposit and 31 million tons of oil for the Khazar field. Overall, a growth rate of oil and condensate reserves stood at 5.6 per cent," Kiinov said.
According to him, the company continues to work actively to explore new areas and for further exploration of existing onshore fields.
"According to the independent auditing company Gaffney, Cline & Associates, the resource potential of the Kazakh sector of the Caspian Sea is 2.37 billion tons of oil reserves, excluding the North-Caspian project. By 2022, KazMunaiGas is intended to ensure the growth of oil and condensate up to 1.4 billion tons through improving the efficiency of geological exploration works and use of new technologies," Kiinov said.
According to the company's press service, consolidated production of oil and gas condensate amounted to 21.4 million tons by the end of 2012 and the volume of oil transportation rose by 0.5 per cent, the volume of gas by 2.5 per cent, labour productivity by 11.4 per cent, production of bitumen by 9.4 per cent, ROACE by 1.08 per cent (absolute deviation) and the EBITDA margin by 3.4 per cent (absolute deviation).
