National Company KazTransGas and NCOC signed an agreement on joint work on the basic design of Phase 2A of the Kashagan field
15.12.2021
North Caspian Operating Company N.V., the operator of the North Caspian Project. (NCOC) and KazTransGas National Company Joint Stock Company announce the signing of an agreement on joint work on the basic design of Phase 2A of the Kashagan field in the period 2022-2023, which involves an increase in the capacity for processing raw gas from the Kashagan field by 2 billion m3.
Phase 2A envisages an increase in oil production by approximately 50,000 barrels per day from the Kashagan field by processing 2 billion cubic meters of high sulfur gas per year.
To implement Phase 2A, NCOC will need to construct two gas pipelines to transport sulfur dioxide along the existing route: one from the Kashagan offshore complex to the Bolashak OPF and the second from the Bolashak unit to the gas processing plant (GPP) with a capacity of 1 billion m3. It is also planned to carry out a small amount of work on the modernization of the existing structures of the offshore and onshore complexes.
The project provides for the construction of a new gas processing plant for the processing of sulfur dioxide with a capacity of up to 2 billion cubic meters per year, in addition to the already implemented project for the construction of a gas processing plant with a capacity of 1 billion m3 per year.
The implementation of this project is the fulfillment of the instructions of the President of Kazakhstan Kassym-Jomart Tokayev given to the Cabinet of Ministers and the Samruk-Kazyna State Fund to increase the resource base for the production of commercial gas and develop new approaches to market regulation. "There is a risk of gas shortages. New incentives are needed for the intensive development of hydrocarbons and replenishment of the national fund. I instruct the Government to take measures to accelerate the construction of petrochemical industries and create attractive conditions for potential investors," the President of Kazakhstan said at an expanded government meeting on January 26, 2021.
According to Olivier Lazare, Managing Director of NCOC, KazTransGas is currently implementing a very important project to increase refining capacity.
"The Kazakh Gas Company is taking very big steps in this direction. In light of the fact that the role of gas is increasing every year and a complete transition from coal to gas is ahead, we have a lot of joint work to do. We are now at an important stage in the subsequent development of the Kashagan field. It should be noted that the final decision on Phase 2A will be determined based on the results of the basic design to be carried out within the framework of the signed agreement," said Olivier Lazare.
The implementation of this project will have a significant impact on the socio-economic growth of the Atyrau region, the growth of the gas resource base and will give a stimulating effect to the development of the economy of the entire Kazakhstan.
Phase 2A envisages an increase in oil production by approximately 50,000 barrels per day from the Kashagan field by processing 2 billion cubic meters of high sulfur gas per year.
To implement Phase 2A, NCOC will need to construct two gas pipelines to transport sulfur dioxide along the existing route: one from the Kashagan offshore complex to the Bolashak OPF and the second from the Bolashak unit to the gas processing plant (GPP) with a capacity of 1 billion m3. It is also planned to carry out a small amount of work on the modernization of the existing structures of the offshore and onshore complexes.
The project provides for the construction of a new gas processing plant for the processing of sulfur dioxide with a capacity of up to 2 billion cubic meters per year, in addition to the already implemented project for the construction of a gas processing plant with a capacity of 1 billion m3 per year.
The implementation of this project is the fulfillment of the instructions of the President of Kazakhstan Kassym-Jomart Tokayev given to the Cabinet of Ministers and the Samruk-Kazyna State Fund to increase the resource base for the production of commercial gas and develop new approaches to market regulation. "There is a risk of gas shortages. New incentives are needed for the intensive development of hydrocarbons and replenishment of the national fund. I instruct the Government to take measures to accelerate the construction of petrochemical industries and create attractive conditions for potential investors," the President of Kazakhstan said at an expanded government meeting on January 26, 2021.
According to Olivier Lazare, Managing Director of NCOC, KazTransGas is currently implementing a very important project to increase refining capacity.
"The Kazakh Gas Company is taking very big steps in this direction. In light of the fact that the role of gas is increasing every year and a complete transition from coal to gas is ahead, we have a lot of joint work to do. We are now at an important stage in the subsequent development of the Kashagan field. It should be noted that the final decision on Phase 2A will be determined based on the results of the basic design to be carried out within the framework of the signed agreement," said Olivier Lazare.
The implementation of this project will have a significant impact on the socio-economic growth of the Atyrau region, the growth of the gas resource base and will give a stimulating effect to the development of the economy of the entire Kazakhstan.
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