Report summaryThe Karakuduk oil field is located in southwest Kazakhstan. It is operated by Karakudukmunai (KKM), which is a JV of Sinopec Group and Sinopec Corp, its listed subsidiary. LUKOIL was previously a key partner, but exited the project in 2015 as part of a US$1.1 billion sale of stakes in four Kazakh assets.Karakuduk reached peak oil production of more than 30,000 b/d in 2010. Output has since fallen sharply despite the use of hydraulic fracturing and water injection. Gas sales began in 2009, ...
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