Country Report

Kazakhstan upstream summary

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01 May 2019

Kazakhstan upstream summary

Report summary

Kazakhstan is Central Asia's largest oil producer and a core location for the Majors. Three super-giant projects dominate the upstream industry: Tengizchevroil, Kashagan and Karachaganak. These megaprojects account for 60% of liquids production, 70% of gas sales and most investment. The corporate landscape is diverse and also includes assets held by state-owned NC KazMunaiGas and Chinese NOCs. Kazakhstan is landlocked, but is now well-served by liquids and gas export routes to the west and east. It continues to attract new entrants, further incentivised by recent tax and regulatory reforms.

Table of contents

  • Executive summary
  • Key facts
  • Location maps
    • NC KazMunaiGas (NC KMG)
      • KazMunaiGas Exploration Production (KMG EP)
      • NC KMG IPO plans
    • Majors
    • Other IOCs
      • Asian operators
      • Russian operators
      • Others
    • Local operators
    • Introduction
    • Precaspian basin
    • Structural elements
    • Pre-salt stratigraphy
    • Post-salt stratigraphy
    • Pre-salt plays
      • Reservoir quality
      • Hydrocarbon quality
    • Post-salt plays
      • 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
    • Licensing
    • Overview
    • Onshore
      • Pre-2013
      • Exploration tenders (2013 onwards)
      • Ad-hoc awards
      • Eurasia project
    • Offshore
      • Active licences
      • Pending licences
      • Relinquished licences
      • Potential licences
      • Cross-border blocks (Russia)
    • Drilling
      • Drilling activity
    • Overview
    • Soviet-era exploration
    • Post-Soviet exploration
      • Offshore
      • Onshore
      • Coalbed methane (CBM)
    • Kazakh reserve classification system
      • Conversion factors
      • Transition to Western reserve standards
    • Reserves and resources overview
    • Reserves by basin
    • Reserves by report
      • Liquids
      • Sales gas
    • Liquids
      • Historical production
      • Future production
    • Gas
      • Gas sales versus wellhead production
      • Historical sales production
      • Future sales production
    • Introduction
      • Pipeline tariffs
    • 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
      • Rail infrastructure
      • 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
      • Sarybulak-Zaisan-Jeminay (cross-border)
      • Gazli (UGS)-Shymkent
      • Turkmenistan-China Gas Pipeline
    • Planned gas pipelines
      • Saryarka pipeline to Nur-Sultan
    • Gas processing plants
    • Gas-feed projects
      • Atyrau Gas Chemical Complex (AGCC)
      • Small-scale GTL plant
      • Kuryk methanol plant
    • Gas storage
    • Introduction
    • Capital costs
      • Capital expenditure by location
    • Operating costs
      • Operating expenditure by location
    • Key legislation
    • Background
    • Current legislation
      • 2018 Tax Code
      • Subsoil Use Code
      • Law on Gas and Gas Supply
      • Environmental Code
    • Key considerations
      • Local content
      • Environmental
      • Finance
    • Regulatory body
      • Ministry of Energy
      • Ministry of Finance
      • Ministry of National Economy
    • Samruk-Kazyna
    • National Oil Fund
    • State oil company
      • NC KMG subsidiaries
    • International boundaries
    • Legal status of the Caspian Sea
      • Overview
      • North Caspian Sea
      • South Caspian Sea
    • Overview
    • Upstream
    • Midstream / Downstream
    • Current fiscal terms
    • Concession
      • 2018 Tax Code
      • 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)
      • Alternative Subsoil Tax (AST)
      • Fiscal/contractual ring-fences
      • Dividend withholding tax
      • Sample cash flow
    • Marginal government take calculation
    • PSCs
      • Profit sharing
      • Corporate Income Tax (CIT)
    • Historical background
      • 1990s
      • 2000s
      • Pre-2009 royalty terms
      • Pre-2009 rent tax
      • Pre-2009 EPT
      • Pre-2016 Oil Export Customs Duty (ECD)

Tables and charts

This report includes 68 images and tables including:

  • Liquids production by field (1990 - 2035)
  • Gas sales by field (1990 - 2035)
  • Key facts: Table 1
  • Country map
  • Liquids and Gas Production 2019
  • Remaining Commercial and Technical Reserves at 01/01/2019
  • Capital Expenditure 2019
  • Kazakhstan: basin map
  • Precaspian basin (east and southeast): simplified stratigraphy
  • North Ustyurt basin: simplified stratigraphy
  • Exploration: Table 1
  • Kazakhstan: recent block awards and relinquishments
  • Reserves and resources: Table 1
  • Remaining and produced reserves at 01/01/2019 (p+p)
  • Reserves and resources: Table 2
  • Remaining liquids reserves by basin at 01/01/2019 (p+p)
  • Remaining gas reserves by basin at 01/01/2019 (p+p)
  • Reserves and resources: Table 3
  • Infrastructure: Table 3
  • Fiscal terms: Table 9
  • Exploration: Table 2
  • Exploration: Table 3
  • West Kazakhstan: current licences
  • East Kazakhstan: current licences
  • Kazakh sector of Caspian Sea: current licences
  • Reserves and resources: Table 4
  • 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: Table 1
  • West Kazakhstan: existing and planned liquids pipelines
  • East Kazakhstan: existing and planned liquids pipelines
  • Infrastructure: Table 2
  • Infrastructure: Table 4
  • Kazakhstan: existing and planned gas pipelines
  • West Kazakhstan: existing and planned gas pipelines
  • East Kazakhstan: existing and planned gas pipelines
  • Infrastructure: Table 5
  • Costs: Table 1
  • Costs: Table 2
  • Costs: Table 3
  • Costs: Table 4
  • Caspian Sea map
  • 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 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

What's included

This report contains:

  • Document

    Country Overview

    PDF 22.75 MB

  • Document

    Country Overview

    XLS 1.03 MB

  • Document

    Country Overview

    ZIP 22.55 MB

  • Document

    Executive summary

    PDF 720.39 KB

  • Document

    Key facts

    PDF 684.97 KB

  • Document

    Location maps

    PDF 2.94 MB

  • Document

    Key companies

    PDF 757.57 KB

  • Document

    Geology

    PDF 3.15 MB

  • Document

    Exploration

    PDF 6.66 MB

  • Document

    Reserves and resources

    PDF 783.20 KB

  • Document

    Production

    PDF 780.87 KB

  • Document

    Infrastructure

    PDF 9.75 MB

  • Document

    Costs

    PDF 715.40 KB

  • Document

    Policy and regulation

    PDF 2.70 MB

  • Document

    Fiscal terms

    PDF 790.51 KB

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