Uzen Oil Field Rehabilitation Project

closed

Closed

The main objectives of the Uzen Oil Field Rehabilitation Project are to: 1) help reduce the rate of decline in oil production and generate resources for reinvestment in the Uzen field's operations; 2) promote the reorganization of Uzenmunaigas into commercially viable corporate units and its/their privatization; 3) assist Uzenmunaigas in assessing the impact of past operating practices on the present condition of the reservoirs, wells and the environment of the field; 4) contribute to the remediation of past environmental damage to the field and to the strengthening of Uzenmunaigas' environmental monitoring and management systems and capacity; and 5) train Uzenmunaigas' staff in modern oil field operating practices and strengthen the organization's capacity to manage the implementation of the rehabilitation program and oil field operations. The project consists of the following components: 1) physical investments including subsurface rehabilitation (provision of equipment, spare parts and chemicals), surface facilities rehabilitation and environmental protection and remediation; 2) physical investment implementation support comprising well testing and logging services, contract workover services and consulting services; and 3) organizational development support involving the strengthening of Uzenmunaigas management through improvements in its financial and operating information systems and the improvement of its financial management and accounting practices and systems.

FY17 - Energy and Extractives

World Bank Group

Project

Rail, Oil and Gas, Government