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Kashagan Oilfield Development

Sector: Oil and Gas • Location: Kazakhstan

Source: The Globe and Mail

Project
Under Production

The Kashagan oilfield, located in the North Caspian Sea in Kazakhstan, is one of the biggest oil discoveries globally in the past 50 years. It has approximately 35 billion barrels of oil in place, with nearly half estimated to be recoverable. The oilfield began production in 2013 and is being developed by the North Caspian Project consortium, which includes international majors and Kazakhstan's st

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The project “Kashagan Oilfield Development” is an infrastructure initiative in the Oil and Gas sector, located in Kazakhstan. Taiyo aggregates data on it from The Globe and Mail.

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under production

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Description

Description

The Kashagan oilfield, located in the North Caspian Sea in Kazakhstan, is one of the biggest oil discoveries globally in the past 50 years. It has approximately 35 billion barrels of oil in place, with nearly half estimated to be recoverable. The oilfield began production in 2013 and is being developed by the North Caspian Project consortium, which includes international majors and Kazakhstan's state oil firm KazMunayGas. The project is expected to hit 1 billion barrels of cumulative production by the end of 2025.

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