BAKU, Azerbaijan, Feb. 12
By Nargiz Sadikhova - Trend:
Kazakhstan’s North Caspian Operating Company continues looking for the best possible option for development of Kairan and Aktoty oil fields, a representative of North Caspian Operating Company (NCOC) told Trend.
The official said that NCOC has studied various options of fields’ development as of now.
“Separate development of the fields, similar to the development of other sulfur-containing deposits, will be difficult in the context of current oil prices and taking into account current expenses,” the official said.
She added that the synergistic development of the fields may expand the possibilities of developing the Kashagan field in its subsequent development stages.
“However, more time is needed to better understand the Kashagan reservoir and to use the received knowledge to optimize the development plans,” the official said.
NCOC is a operator of the North Caspian Project, which is the first major offshore oil and gas development in Kazakhstan. The project covers four oil fields: Kashagan, Kairan, Aktoty, and Kashagan South West.
The Kashagan field is one of three largest oil fields located in the northern part of the Kazakh sector of the Caspian Sea. Its recoverable reserves reach approximately 9-13 billion barrels (1-2 billion tons) of oil.
The Aktoty offshore oil field is located 200 kilometers southeast of Kazakh Atyrau city. In turn, the Kairan offshore oil field is located 150 kilometers southeast of Atyrau. The geological reserves of Kairan are estimated at 150 million tons of oil.
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