№ 5 (49), 2011 - KazEnergy

actualoil and gas condensate deposit, Kashagan.Its reserves are valued at 4.8 billion tons ofoil equivalent (o.e.).American Indian negotiations are not completedyet, but if this business project goesbeyond the scope, then the tendency of oilindustry investments building up by newparticipants will be more obvious. Out ofall agreements, on the Kazakhstan CaspianShelf development in particularly, thetwo thirds belong to the Eastern and SouthAsian investors.New Resources Attraction. New investorsare attracted to the Kazakhstani marketby both global processes, like reduction ofresource base on the traditional world oilproducing areas, and recent positive newson real business situation regarding the developmentof KSCS.It is noteworthy that they are provided byprojects with the participation of investorsfrom the Gulf countries. Caspi Meruerty OperatingCompany BV Consortium operatingon Zhemchuzhina block in the north-easternCaspian, over the past few years drilled anumber of exploration wells, each of whichwas successful. In this project, 55% belong tothe Anglo-Dutch Shell, 25% to KMG and therest belong to Oman Pearls Co. Ltd.Another company of the Arabian East,Mubadala from AUE, jointly with the AmericanConocoPhillips (each has 24,5%) andKMG (51%), succeed in exploration of Nblock. The first exploration well was built inthe year beginning, where crude was foundand the drilling is going to be continued.Implementation of the opportunities underthe mentioned projects will provide for thecrude production in Kazakhstan up to 130million tons by 2020 from 80 million tons in2010. in a longer term the increase in crudeproduction will be provided by other offshoreprojects growing in number.Implementationof theopportunitiesunder thementionedprojects willprovide for thecrude productionin Kazakhstanup to 130 milliontons by 2020from 80 milliontons in 2010.The foreign companies’ contribution intooff-shore projects is growing as well, includingthe fact that shelf’s crude potentialis increasing during a long period. Inthe early 90-s KSCS resources were valuedat less than 3 billion tons of oil equivalent.Today they have reached 8 billion tons andkeep tends to grow. The dynamics of the exploredhydrocarbon reserves represents thegroundbreaking confirmation of the potential.At the end of XX century they equaledzero, but now they exceed 5 billion tons ofo.e. Besides, progress in the projects withthe participation of Oman Pearls Co. andMubadala shows a high probability that theexplored reserves will grow.Meanwhile, though the operational activityon the Kazakhstan Caspian Shelf is continuouslyincreasing the scope, the biggest partof potential structures in KSCS remainsfree. 75% out of 120 oil and gas carryingsites found potential remain unallocated. Atthe same time expanding the geological researchis opening new promising structuresthat can be hydrocarbon deposits. That is,the resource of the Caspian shelf of Kazakhstan'sattractiveness to investors increasesfrom year to year.This raw material potential receives activeinfrastructure support for the monetizationof energy products. This decade expandingbegan in the export routes to the West, includingthe North-Caspian pipeline from 28million tons to 67 million and the establishmentof the Kazakhstan Caspian TransportationSystem up to 56 million, as well as theEast: Atasu - Alashankou from 10 million to20 and a gas pipeline Beyneu - Akbulak to10-15 billion cubic meters a year.The result of these efforts will create astrong well-balanced system of supply ofKazakh hydrocarbons to the world market.That is the preparing of the infrastructurefor the export of additional quantities of oiland gas from current and new projects, andpreventing of transportation risks is solvedwith anticipation.Deep Processing Revenue. At the sametime, growth in oil and gas reserves and productionin Kazakhstan, forming a certainsurplus of raw materials in excess of the exporttrade opens up entirely new possibilitiesto generate revenue.The presence of an enormous resource baseallows creating the country's capacity fordeep processing of hydrocarbons. They willhave a significant competitive advantagecompared to similar industries in the coun-54 № 5 (49), 2011