Kazakhstan’s Giant Kashagan Oilfield to Hit 1 Billion Barrels Production Soon ...Middle East

OILPRICE - Economy
Kazakhstan’s Giant Kashagan Oilfield to Hit 1 Billion Barrels Production Soon
source : OILPRICE ( Middle East ) () 45
The Kashagan oilfield, which began production in 2013, is expected to hit the landmark 1 billion barrels of cumulative production by the end of the year, according to Kazakhstan media. Kashagan is located in the North Caspian Sea in Kazakhstan and is one of the biggest oil discoveries globally of the past 50 years. The oilfield has approximately 35 billion barrels of oil in place, of which nearly half are estimated to be recoverable. The Kashagan oilfield is being developed by the North Caspian Project consortium of international majors and Kazakhstan’s…

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