Kazakhstan将在Kashagan油田投产

Commercial oil production at the giant Kashagan field in Kazakhstan will begin in November, the chief executive of state oil firm KazMunayGaz said on Friday. Previously the start of commercial level production had been expected in October.

Oil will now start flowing from the offshore field, one of the world’s biggest discoveries of the past decades, on Sept. 24, Sauat Mynbayev told a government meeting, and would reach commercial level volumes in early to mid-November.

KazMunayGaz signed a contract last month with trader Vitol to arrange a prepayment for its share in the Kashagan oil worth $1 billion.

Kashagan’s output will be a modest 50,000 to 1 million tonnes this year, 3 million to 5 million tonnes next year and then 7 million tonnes in 2018, Kazakh Energy Minister Kanat Bozumbayev said in May.