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

CNOOC Signs Hydrocarbons Exploration and Production Deal with Kazakhstan

Thailand's PTT to Buy LNG from Glenfarne's Alaska LNG Project

Woodside Agrees Long-Term LNG Supply with Petronas Unit

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

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

CNOOC Puts Into Production New Oil Field in South China Sea

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

CNOOC Sees 11% Profit Growth in 2024 Driven by Record Oil Production

All Gas from Conrad’s Mako Field to be Sold to Indonesia’s PLN

Valeura Wraps Up Infill Drilling Campaign in Gulf of Thailand

Current News

CNOOC Signs Hydrocarbons Exploration and Production Deal with Kazakhstan

Thailand's PTT to Buy LNG from Glenfarne's Alaska LNG Project

Woodside and Jera Agree LNG Cargoes Supply for Japan’s Winter Period

Petronas Expands Suriname Portfolio with Deepwater Block Acquisition

Japanese Oil and Gas Firm Enters Two Blocks off Malaysia

Yinson Production, “K” LINE Target Europe's CCS with FSIU and LCO2 Solutions

Woodside Agrees Long-Term LNG Supply with Petronas Unit

MODEC and Terra Drone Renew FPSO Drone Inspection Partnership

Yinson Production Closes $1B Investment to Drive Further Growth

Petronas-Eni Upstream Joint Venture to Take Up to Two Years to Set Up

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