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Asset Report

Kalamkas More-Khazar

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29 March 2023

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
    • Key issues
  • Location maps
    • Current participation
      • Licence
      • Operator
    • Previous participation (pre-2019)
      • 2019 relinquishment
      • Kalamkas More
      • Pearls fields
    • Overview
    • Reservoir quality
      • Kalamkas More
      • Khazar and Auezov
    • Oil quality
      • Kalamkas More
      • Khazar and Auezov
    • Future exploration and appraisal (E&A) activity
    • Previous E&A activity (to 2019 relinquishment)
      • Kalamkas More
      • Khazar and Auezov (Pearls block)
    • Overview
      • Modelling
      • PRMS classifications
    • Kalamkas More
    • Khazar and Auezov
      • Oil
      • Gas
    • Oil
      • Current plan
      • Previous concept
    • Gas
      • Kalamkas More
      • Khazar
    • Kalamkas More-Khazar joint development
      • Overview
      • Key development metrics
      • Key dates
    • Initial tie-ins
      • Oil
      • Gas
      • Water
    • Sales routes
      • Oil
      • Gas
    • 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
    • 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)
    • 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 01/01/2023
  • Remaining Revenue Distribution (Discounted at 10% from 01/01/2023)
  • 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:

  • Document

    Kalamkas More-Khazar

    PDF 3.92 MB

  • Document

    Kalamkas More-Khazar

    XLS 460.00 KB