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Kashagan Field (Kazakh: Қашаған кен орны, Qaşağan ken orny) is an offshore oil field in Kazakhstan's zone of the Caspian Sea. [2] The field, discovered in 2000, is located in the northern part of the Caspian Sea close to Atyrau and is considered the world's largest discovery in the last 30 years, combined with the Tengiz Field. [3]
With 9 – 11 billion barrels, Kashagan is the largest oil field outside of the Middle East. It is estimated to come on stream in 2016 and reach production of 1.5 million barrels per day at its peak. Kazakhstan is a major oil producer with an estimated total production of 1.64 million barrels per day in 2013.
(The data below does not seem to include shale oil and other unconventional sources of oil such as tar sands. For instance, North America has over 3 trillion barrels of shale oil reserves, [ citation needed ] and the majority of oil produced in the US is from shale, leading to the paradoxical data below that the US will finish all its oil at ...
Oil prices will fall to an average of $65 per barrel in 2025 amid an oversupply of crude and a backdrop of slowing demand as countries shift ... so we keep more of a bearish stance on oil [in 2025 ...
Production in 2001 has been growing at roughly 20%, on target to meet the government's forecast of 40,100,000 tons of oil (800,000 barrels per day). In 2000, production reached 11.5 km 3 of natural gas, up from 8.2 km 3 in 1999. Kazakhstan has the potential to be a world-class oil exporter in the medium term.
Maersk Oil (Danish: Mærsk Olie og Gas A/S) was a Danish oil and gas company owned by the A. P. Moller-Maersk Group. [6] with a maximum operated production of 550,000 barrels of oil equivalent per day. Production came from Denmark, the UK, Qatar, Kazakhstan, the US Gulf of Mexico, Algeria and Brazil.
The efforts included Syr Darya Control & Northern Aral Sea (NAS) project. [4] The $86 million NAS project, funded jointly by the World Bank through a loan of $65 million and the Government of Kazakhstan which covered the rest, was designed to mitigate the environmental and economic damage to the region, sustain and increase agriculture and fishing in the Syr Darya basin and secure the ...
Estimated at up to 25 billion barrels (4.0 × 10 ^ 9 m 3) of oil originally in place, Tengiz is the sixth largest oil field in the world; recoverable crude oil reserves from Tengiz and Korolev fields combined have been estimated at 6 to 9 billion barrels (950 × 10 ^ 6 to 1,430 × 10 ^ 6 m 3).