Asset Report
Kalamkas More-Khazar
Report summary
LUKOIL and state-owned NC KazMunaiGas (NC KMG) operate the Kalamkas More-Khazar oil development in the shallow waters of Kazakhstan's Caspian Sea sector. This is the country's main pre-FID greenfield project. The partners signed a new contract in 2023 for the neighbouring Kalamkas More, Khazar and Auezov fields.FID for the Kalamkas More-Khazar joint development is targeted for the mid-2020s to enable production to begin by the end of the decade. Based on operator guidance, we expect ...
Table of contents
- Key facts
-
Summary and key issues
- Summary
- Key issues
- Location maps
-
Participation
-
Current participation
- Licence
- Operator
-
Previous participation (pre-2019)
- 2019 relinquishment
- Kalamkas More
- Pearls fields
-
Current participation
-
Geology
- Overview
-
Reservoir quality
- Kalamkas More
- Khazar and Auezov
-
Oil quality
- Kalamkas More
- Khazar and Auezov
-
Exploration
- Future exploration and appraisal (E&A) activity
-
Previous E&A activity (to 2019 relinquishment)
- Kalamkas More
- Khazar and Auezov (Pearls block)
-
Reserves and resources
-
Overview
- Modelling
- PRMS classifications
- Kalamkas More
-
Khazar and Auezov
- Oil
- Gas
-
Overview
-
Production
-
Oil
- Current plan
- Previous concept
-
Gas
- Kalamkas More
- Khazar
-
Oil
-
Development
-
Kalamkas More-Khazar joint development
- Overview
- Key development metrics
- Key dates
-
Kalamkas More-Khazar joint development
-
Infrastructure
-
Initial tie-ins
- Oil
- Gas
- Water
-
Sales routes
- Oil
- Gas
-
Initial tie-ins
-
Costs
-
Historical E&A costs
- Pearls block (Khazar and Auezov, pre-2019)
-
Capital costs
- Reported data
- Modelling
-
Operating costs
- Field costs
- Abandonment fund payments
- Transportation costs
-
Historical E&A costs
-
Fiscal and regulatory
-
Current licence (concession)
- Alternative Subsoil Tax (AST)
- Oil Export Customs Duty (ECD)
- Corporate Income Tax (CIT)
- Bonuses
- Social investment programme
-
Previous licences (PSCs)
- Kalamkas More
- Khazar and Auezov (Pearls block)
-
Current licence (concession)
-
Economic assumptions
- Cash flow
- Discount rate and date
- Inflation rate
-
Oil price
- Export
- Domestic
- Global Economic Model (GEM) file
- Economic analysis
Tables and charts
This report includes 24 images and tables including:
- Key facts: Table 1
- Index map
- Kalamkas More-Khazar map
- Exploration: Table 1
- Cash flow
- Economic analysis: Table 2
- Economic analysis: Table 3
- Split of Revenues
- Cumulative Net Cash Flow - Undiscounted
- Cumulative Net Cash Flow - Discounted at 10% from 01/01/2024
- Remaining Revenue Distribution (Discounted at 10% from 01/01/2024)
- Remaining PV Price Sensitivities
- Participation: Table 1
- Geology: Table 1
- Geology: Table 2
- Reserves and resources: Table 1
- Reserves and resources: Table 2
- Production: Table 1
- Kalamkas More-Khazar production profile
- Infrastructure: Table 1
- Costs: Table 1
- Costs: Table 2
- Fiscal and regulatory: Table 1
- Fiscal and regulatory: Table 2
What's included
This report contains:
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