Subscribe free to our newsletters via your
. Space Industry and Business News .




OIL AND GAS
Kazakhstan expects oil production boom
by Daniel J. Graeber
Astana, Kazakhstan (UPI) Feb 25, 2015


disclaimer: image is for illustration purposes only

Kazakhstan's government said Wednesday it expects oil production to increase by as much as 30 percent in part because of operations at its giant Kashagan field.

Kashagan is among the largest oil fields in the world, with an estimated 16 billion barrels of oil reserves. Production was halted in October 2013, less than a month after it started, when a pipeline associated with the field cracked open.

Kazakh Deputy Energy Minister Uzakbai Karabalin told reporters the government in Astana is determined to increase production despite a series of setbacks.

"Oil output is expected to reach 630 million barrels in 2017 and 760 million barrels in 2020," he said. "This increase will be due to the expansion project at [onshore oil field] Tengiz and resumption of offshore oil production at Kashagan."

Kazakh production last year was around 590 million barrels.

The U.S. Energy Information Administration in February 2014 said it expected Kashagan to return to service this year, but below its initial production target of 370,000 barrels per day "because technical challenges and high development costs may limit its expansion."

Two months after the EIA report, experts reviewing pipeline issues at the field said it may cost as much as 15 times more than initially expected to restart the field.

The energy minister said work was ongoing to overhaul the field's pipeline infrastructure. Most of the work will take place in the latter half of 2015, with a resumption of operations expected by 2016.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





OIL AND GAS
U.S. gas prices rise for 29 straight days
Washington (UPI) Feb 24, 2015
The price per gallon for regular unleaded gasoline has increased 29 days in a row as of Tuesday because of U.S. refinery issues and commodity markets, AAA said. AAA reports an average national retail price for a gallon of gasoline at $2.31, up about a penny from Monday and 28 cents from one month ago. Gasoline prices dropped steadily during the latter half of 2014 as oil prices traded i ... read more


OIL AND GAS
Apple to invest 1.7bn euros in Ireland, Denmark data centres

Data-storage for eternity

See here now: Telescopic contact lenses and wink-control glasses

UV exposure keeps damaging skin after sunset: study

OIL AND GAS
Navy satellite communications systems getting support services

Russia to Launch Two Military Satellites in February

Navy orders additional LCS mission modules

U.S. EA-18G Growlers getting new electronic warfare system

OIL AND GAS
Soyuz Installed at Baikonur, Expected to Launch Wednesday

Moog offers "SoftRide" for enhanced spacecraft protection during launch

Russian-Ukrainian Satan Rocket to Launch South Korean Satellite as Planned

SpaceX launches deep-space weather observatory

OIL AND GAS
China, Russia strengthen satellite navigation cooperation

India Interested in Russia's Glonass Satellite Navigation System

Latest Galileo satellites reach launch site

PLA drill applies China's own GPS

OIL AND GAS
Chinese MH370 relatives criticise Malaysia Airlines

Air Force issues RFI for electronic warfare technology

Northrop Grumman provides 1,000th F-35 DAR sensor system

A400M simultaneously refuels jet fighters

OIL AND GAS
Radio chip for the 'Internet of things'

Breaking down the comms barrier between humans and computers

Analogue quantum computers: Still wishful thinking?

Exotic states materialize with supercomputers

OIL AND GAS
Satellites help predict outbreaks of disease

Global rainfall satellites require massive overhaul

NASA Aircraft, Spacecraft Aid Atmospheric River Study

Mud Matters

OIL AND GAS
Clearing up Europe's air pollution hotspots

Turning smartphones into personal, real-time pollution monitors

UI engineers find switchgrass removes PCBs from soils

Iran MPs wear medical face masks to protest pollution




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.