Country report
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91 Pages

Kazakhstan upstream summary


Kazakhstan upstream summary

Report summary

Three super-giant fields dominate upstream industry - The Tengizchevroil Area, Kashagan Contract Area and Karachaganak megaprojects account for more than 75% of remaining commercial reserves and most investment. Oil and condensate production is currently 1.7 million b/d, half of which comes from Tengiz and Karachaganak. They also provide 70% of gas sales.Kashagan ramp-up and Tengiz expansion dictate liquids outlook - Kashagan Phase One came back onstream in September 2016, after a ...

What's included?

This report includes 2 file(s)

  • Country Overview PDF - 6.18 MB 91 Pages, 47 Tables, 31 Figures
  • Country Overview XLS - 1.88 MB

Description

Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key upstream issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream summary is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
  • Key facts
  • Location maps
  • Key companies
    • NC KazMunaiGas (NC KMG)
    • KazMunaiGas Exploration Production (KMG EP)
    • Majors
    • Other international operators
    • Local operators
  • Geology
    • Introduction
    • Precaspian basin
    • Structural elements
    • Pre-salt stratigraphy
    • Post-salt stratigraphy
    • Pre-salt plays
      • Reservoir quality
      • Hydrocarbon quality
    • Post-salt plays
      • Upper Permian-Triassic
      • Jurassic-Lower Cretaceous
      • Hydrocarbon quality
    • North Ustyurt and East Aral basins
    • Structure
    • Reservoirs
    • Mangyshlak basin
    • Structure
    • Reservoirs
    • South Turgai basin
    • Structure
    • Reservoirs
    • Source
    • Chu-Sarisu basin
    • Structure
    • Reservoirs
    • Hydrocarbon quality
    • Zaisan basin
    • Ili basin
    • Syrdarya basin
    • Teniz basin
    • Minor basins
  • Exploration
    • Licensing
    • Onshore licensing
      • 2013 exploration tender
      • 2015 exploration tender
      • 2016 exploration (re)tender
      • Ad-hoc awards
      • Potential onshore blocks
      • Eurasia Project
    • Offshore licensing
      • Active licences
      • Relinquished licences
      • Potential offshore licences
      • Cross-border blocks (Russia)
    • Drilling
      • Drilling activity
    • Overview
    • Soviet-era exploration
    • Post-Soviet exploration
      • Offshore
      • Onshore
      • Coalbed methane (CBM)
  • Reserves and resources
    • Kazakh reserve classification system
      • Transition to Western reserve standards
    • Reserves overview
    • Commercial reserves by basin
    • Technical reserves by basin
    • Liquids reserves
    • Gas reserves
    • Commercial reserves by report
  • Production
    • Liquids
      • Historical production
      • Future production
    • Gas
      • Gas sales versus wellhead production
      • Historical sales production
      • Future sales production
  • Infrastructure
    • Introduction
    • Oil infrastructure
      • Existing liquids pipelines
      • Caspian Pipeline Consortium (CPC)
      • Uzen-Atyrau-Samara (UAS)
      • Kazakhstan-China Oil Pipeline
      • Other pipelines
    • Proposed liquids pipelines
      • Kazakhstan Caspian Transportation System (KCTS)
    • Rail and sea transportation
      • Railways
      • Ports and shipping
    • Refineries
    • Gas infrastructure
      • Existing gas pipelines
    • West Kazakhstan
      • Central Asia-Centre (CAC)
      • Uzen-Aktau
      • Soyuz Orenburg-Alexandrov Gai
      • Makat-Atyrau-Astrakhanskoye
    • Central Kazakhstan
      • Bukhara-Ural
      • Zhanazhol-Aktobe-Krasnyy Oktyabr
      • Zhanazhol - KC-13 (Bukhara-Ural)
      • Kartaly-Kostanay
    • East Kazakhstan
      • Beineu-Bozoi-Akbulak (Shymkent) (BBA pipeline)
      • Bukhara-Tashkent-Bishkek-Almaty
      • Akshabulak-Kyzylorda
      • Amangeldi-Taraz
      • Kordai-Shu
      • Sarybulak-Zaisan-Jeminay (cross-border)
      • Gazli (UGS)-Shymkent
      • Turkmenistan-China Gas Pipeline
    • Proposed gas pipelines
      • Pipeline concepts to Astana
    • Gas processing plants
    • Gas-feed projects
      • Atyrau Gas Chemical Complex (AGCC)
      • Small-scale GTL plant
      • Kuryk methanol plant
    • Gas storage
  • Costs
    • Introduction
    • Capital costs
      • Capital expenditure by location
    • Operating costs
      • Operating expenditure by location
  • Policy and regulation
    • Key legislation
      • Background
      • Current legislation
      • Local content
      • Finance
      • Gas supply
      • Gas flaring
    • Regulatory body
      • Ministry of Energy
      • Ministry of Finance
      • Ministry of National Economy
      • Ministry for Emergency Situations
    • Samruk-Kazyna
    • National Oil Fund
    • State oil company
    • International boundaries
    • Legal status of the Caspian Sea
      • Overview
      • North Caspian Sea
      • South Caspian Sea
  • Fiscal terms
    • Overview
    • Upstream
    • Midstream / Downstream
    • Current fiscal terms
    • Concession
      • State equity participation
      • Bonuses, rentals and fees
      • Indirect taxes
      • Royalty and other production taxes
      • Domestic Market Obligation (DMO)
      • Contractor revenue entitlement
      • Liquids and natural gas pricing
      • Corporate Income Tax (CIT)
      • Excess Profit Tax (EPT)
      • Fiscal/Contractual ring-fences
      • Dividend withholding tax
      • Sample cash flow
    • Marginal government take calculation
    • Production Sharing Contracts (PSCs)
      • Indirect taxes
      • Royalty and other production taxes
      • Cost recovery
      • Profit sharing
      • R-factor
      • IRR
      • P-factor
      • Contractor revenue entitlement
      • Liquids and natural gas pricing
      • Corporate Income Tax (CIT)
      • Additional profit taxes
      • Fiscal/Contractual ring-fences
      • Dividend withholding tax
    • Historical background
      • Pre-1991
      • 1990s
      • 2000s
      • Pre-2009 royalty terms
      • Pre-2009 rent tax
      • Pre-2009 EPT

In this report there are 78 tables or charts, including:

  • Executive summary
    • Liquids production by field (1990 - 2035)
    • Gas sales by field (1990 - 2035)
  • Key facts
    • Key facts: Table 1
  • Location maps
    • Country map
  • Key companies
    • Liquids and Gas Production 2016
    • Remaining Commercial and Technical Reserves at 01/01/2016
    • Capital Expenditure 2016
  • Geology
    • Kazakhstan: basin map
    • Precaspian basin (east and southeast): simplified stratigraphy
    • North Ustyurt basin: simplified stratigraphy
  • Exploration
    • Exploration: Table 1
    • Kazakhstan: recent block awards and relinquishments
    • Exploration: Table 2
    • 2015-16 exploration tenders
    • Exploration: Table 3
    • Exploration: Table 4
    • West Kazakhstan: current licences
    • East Kazakhstan: current licences
    • Kazakh sector of Caspian Sea: current licences
  • Reserves and resources
    • Reserves and resources: Table 1
    • Remaining and produced commercial reserves at 01/01/2017 (p+p)
    • Reserves and resources: Table 2
    • Reserves and resources: Table 3
    • Remaining commercial liquids reserves by basin at 01/01/2017 (p+p)
    • Remaining commercial gas reserves by basin at 01/01/2017 (p+p)
    • Reserves and resources: Table 4
  • Production
    • Liquids production by basin (1990 - 2035)
    • Production: Table 1
    • Production: Table 2
    • Liquids production by field (1990 - 2035)
    • Production: Table 3
    • Production: Table 4
    • Gas sales by basin (1990 - 2035)
    • Production: Table 5
    • Production: Table 6
    • Gas sales by field (1990 - 2035)
    • Production: Table 7
    • Production: Table 8
  • Infrastructure
    • Infrastructure: Table 1
    • West Kazakhstan: existing and future liquids pipelines
    • East Kazakhstan: existing and future liquids pipelines
    • Infrastructure: Table 2
    • Kazakhstan: rail infrastructure
    • Infrastructure: Table 3
    • Infrastructure: Table 4
    • Kazakhstan: existing and future gas pipelines
    • West Kazakhstan: existing and future gas pipelines
    • East Kazakhstan: existing and future gas pipelines
    • Infrastructure: Table 5
  • Costs
    • Costs: Table 1
    • Costs: Table 2
    • Capital expenditure by basin (US$ million)
    • Costs: Table 3
    • Costs: Table 4
    • Operating expenditure by basin (US$ million)
  • Policy and regulation
    • NC KMG structure
    • Caspian Sea map
  • Fiscal terms
    • Fiscal terms: Table 1
    • Fiscal terms: Table 2
    • Fiscal terms: Table 3
    • Fiscal terms: Table 4
    • Fiscal terms: Table 5
    • Fiscal terms: Table 6
    • Fiscal terms: Table 7
    • Fiscal terms: Table 8
    • Fiscal terms: Table 9
    • Fiscal terms: Table 10
    • Fiscal terms: Table 11
    • Fiscal terms: Table 12
    • Fiscal terms: Table 13
    • Fiscal terms: Table 14
    • Fiscal terms: Table 15
    • Fiscal terms: Table 16
    • Fiscal terms: Table 17
    • Fiscal terms: Table 18
    • Fiscal terms: Table 19
    • Fiscal terms: Table 20
    • Fiscal terms: Table 21
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