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

Russia Targets 2028 for Sakhalin-3 Gas Project Start Up

Seatrium Secures ABS Backing for Deepwater FPSO Design

Hanwha Ocean Enlists ABB for Singapore’s First Floating LNG Terminal

DOF Secures Moorings Hook-Up Job in Asia Pacific

Saipem Bags $1.5B Contract for Türkiye Largest Offshore Gas Field

Japan Picks Wood Mackenzie to Assess Trump-Backed Alaska LNG Scheme

China Starts Production at Major Oil Field in Bohai Sea

Seatrium Makes First Turnkey FPSO Delivery to Petrobras

CNOOC Signs Hydrocarbons Exploration and Production Deal with Kazakhstan

TPAO, SOCAR and BP to Ink Caspian Sea Oil and Gas Production Deal

Current News

Ventura Offshore’s Semi-Sub Rig to Keep Drilling for Eni in Asia

SBM Offshore, SLB to Optimize FPSO Performance Using AI

MODEC Ramps Up Hammerhead FPSO Work After ExxonMobil's Go-Ahead

Aesen, DOC JV Targets Subsea Cable Logistics

Timor Gap Boosts Stake in Finder Energy’s Timor-Leste Oil Fields

SBM Offshore Starts Construction of FSO for Trion Oil Field off Mexico

Russia Targets 2028 for Sakhalin-3 Gas Project Start Up

Seatrium Secures ABS Backing for Deepwater FPSO Design

MDL Secures Cable Laying Job in Asia Pacific

Hibiscus Petroleum Starts Drilling at Teal West Field off UK

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