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Oil and Gas

In: Science

Submitted By labelle
Words 2048
Pages 9
Introduction

Oil and gas industry of Kazakhstan is the largest and most dynamic industry, which provides a stable increase in crude oil and natural gas. In the Kazakhstan sector of the Caspian Sea, there is continuing evaluation of public oil and gas fields with large reserves of hydrocarbons. Potential hydrocarbon of the Republic of Kazakhstan is estimated sufficiently significant in the total world reserves. Kazakhstan holds big hydrocarbon reserves, including potentially the second largest oil reserves in the world (US Energy Information Administration). According to official data from the Ministry of Oil and Gas of Republic of Kazakhstan, confirmed hydrocarbon reserves, both onshore and offshore, are estimated to be 4.8 billion tons or more than 35 billion barrels for 2012. Kazakhstan possesses unique geographical features that lead the country’s oil and gas cluster to be spread throughout the entire country, instead of one specific geographical area. Around 70% of Kazakhstan’s oil and gas reserves, both onshore and offshore, are concentrated in Western Kazakhstan around the city of Atyrau. Some oil reserves are also located in Southern Kazakhstan but the prospects for new discoveries there are not very promising (US-Kazakhstan Business Association). The majority of hydrocarbon reserves are located in the oil- and gas-rich regions of Kashagan, Tengiz and Karachaganak. The discovery of the Kashagan Field in 2000 is considered to be the largest oil field discovery in the last 30 years. The Kashagan Field, located 80 kilometres south-east of the city of Atyrau in the northern part of the Caspian Sea region, is operated by Agip KCO. The field is estimated to hold a maximum of 35 billion barrels of oil, of which 13 billion barrels may be potentially extracted by re-injecting acid gases. The Tengiz Field, whose estimated commercial oil reserves...

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