Report summaryThe Vitol-operated Saigak oil field is located 145 kilometres south of Aktobe, in Aktobe northwest Kazakhstan. Commercial production began in 2003 and ramped up to 12,000 b/d in the following year, before declining rapidly. Saigak was discovered by Elf in 1996 and, after changing hands several times, development was initiated by Maersk in 2001. Until 2004, Saigak lay in a very large (14,474 square kilometres) exploration block: the Temir Contract Area. The original Temir agreement was the ...
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