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 ...
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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.
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Country report | Oct 2016
Kazakhstan upstream summary
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