Kazakhstan’s Oil Output Drops 3% in May vs April to 1.55 mln bpd - Sources

Reuters
Monday, June 5, 2023

Kazakhstan cut its oil production (excluding gas condensate) by 3% on a daily basis in May compared to April to 1.55 million barrels per day (bpd), Reuters calculations based on data from two sources familiar with preliminary data showed on Monday. 

Oil production in Kazakhstan in May was in line with the country's quota under the OPEC+ agreement, also taking into account a voluntary reduction of 78,000 bpd. The country’s energy ministry did not immediately reply to a Reuters request for comment. 

The decline in Kazakhstan’s oil production in May compared to April was mainly due to output reduction at large oil fields: at Kashagan, by 8% due to the accumulation of hydrogen sulfide in two wells; at Karachaganak, by 6%; at Tengiz, by 1%; and at the fields of Kazmunaigaz, by 4%, according to sources familiar with the data. 

Scheduled maintenances at large oil and gas fields in Kazakhstan will be held this year in August, at Tengiz, and in October, at Karachaganak. 

(Reporting by Reuters)

Categories: Energy Industry News Activity Production Asia Caspian Sea

Related Stories

Inpex Kicks Off FEED Work for Abadi LNG Scheme Offshore Indonesia

ADNOC Signs Long-Term LNG Deal with Hindustan Petroleum Corporation

BP, ONGC, Reliance Industries Ink Deal for Offshore Exploration in India

Valeura Energy, PTTEP Partner Up on Gulf of Thailand Blocks

China Rolls Out 17MW Floating Wind Turbine Prototype

EnQuest Acquires Harbour Energy’s Vietnamese Assets

CNOOC Starts Production at Offshore Field in South China Sea

BP Expands Oil and Gas Scope in Azerbaijan with New Projects and Exploration Rights

ADNOC’s XRG Partners Up with Petronas for Offshore Gas Block in Caspian Sea

INEOS Wraps Up Acquisition of CNOOC’s US Oil and Gas Assets

Current News

Inpex Kicks Off FEED Work for Abadi LNG Scheme Offshore Indonesia

ADNOC Signs Long-Term LNG Deal with Hindustan Petroleum Corporation

Sapura Energy Rebrands to Vantris Energy

BP, ONGC, Reliance Industries Ink Deal for Offshore Exploration in India

Allseas-Boskalis Consortium Bags $1.4B Offshore Gas Pipeline Job in Taiwan

CNOOC Brings New Offshore Gas Field On Stream

Yinson, PTSC Get $600M Contract for Vietnam-Bound FSO

PTTEP Buys Chevron's Hess Unit Share of Southeast Asia’s Offshore Block for $450M

Valeura Energy, PTTEP Partner Up on Gulf of Thailand Blocks

Sapura Scoops Over $118M for Chevron, PTTEP Subsea Ops off Thailand

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com