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№ 5 (49), 2011 - KazEnergy

№ 5 (49), 2011 - KazEnergy

№ 5 (49), 2011 - KazEnergy

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kazenergy forum20 years –Developmentof the Energy Sectorof KazakhstanAchievements. Problems. ProspectsASauatMynbayev,Minister of Oiland Gas of theRepublic ofKazakhstanccording to the proven oilreserves, Kazakhstan isranked the ninth in theworld. (Slide 1). This data isfrom independent resources.I believe we have groundto expect an increase in reservesin the future takinginto account the estimatesof our geological reservesand the large-scale geologicresearch.We had somewhat reductionof the reserves before 2001,but later on you can see anessential increase. I must say, this increasewas mainly due to opening of Kashaganfiled, and increase in reserves at Tengiz field.In general, this demonstrates the successachieved in the geological sector of Kazakhstan.The crude production increased over threefoldin 20 years, the gas production – fivetimes. (Slide 2). The volume of hydrocarbonsis expected to increase essentially in the future.In these terms Kazakhstan is one offew states with the production peak ahead,At the present slide, do not be confused bythe last line. Production growth of commoditygas is non-essential, in fact. The issueis that our gas is mainly associated gas. Itmeans that for the purpose of full extractionof liquid fractions, a part of the gas producedis injected back to the stratum.However, firstly, this gas may be extractedin future. Secondly, in case of the changes inthe commercial marketing terms or the implementationof technological innovations,the production volumes of gas may be easilyincreased.At Tengiz, we are currently working on theFuture Growth Project, which is planned toincrease the extraction volume from current26 million tons to 36 million tons per year.I assume, it will be submitted for review tothe authorities.Great work on development of Kashaganproject has been conducted. The commercialproduction is expected to start in December2012 – June 2013. As you know, the productionvolume at the first stage of the project isexpected to reach 370 thousand barrels perday with potential increase to 450 thousandbarrels. Yes, the uncertainty still remains20 № 5 (<strong>49</strong>), <strong>2011</strong>

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