Report summaryThe Karazhanbas heavy oil field is located on the Buzachi Peninsula in southwest Kazakhstan. It is operated by a JV of KazMunaiGas EP (KMG EP) and CITIC Resources (China). The field has been producing since 1980, with output currently at a plateau of slightly less than 40,000 b/d. The heavy and viscous nature of Karazhanbas crude means that EOR techniques are key to field development, alongside extensive drilling of low-productivity wells.In 2015, a 15-year contract extension was awarded ...
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