Report summaryThe Karakuduk oil field is located in Mangistau Region in southwest Kazakhstan. Following recent M&A activity, it is now operated by a JV of Sinopec Group and Sinopec Corp, its listed subsidiary. Karakuduk has been onstream since 1998 and reached peak production of more than 30,000 b/d in 2010. Output has since fallen sharply.LUKOIL was previously a key partner in Karakudukmunai (KKM), the official operator, but exited the project in 2015 as part of a US$1.1 billion sale of stakes in ...
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