| Karachaganak Field | |
|---|---|
  Location of Karachaganak Field | |
| Country | Kazakhstan |
| Region | Pre-Caspian Basin |
| Offshore/onshore | onshore |
| Coordinates | 51°21′12″N 53°12′40″E / 51.353452°N 53.211079°E |
| Operators | Shell plc Eni |
| Partners | Shell plc Eni Lukoil Chevron KazMunayGas |
| Field history | |
| Discovery | 1979 |
| Start of production | 1984 |
| Abandonment | 2040+ (estimated) |
| Production | |
| Current production of oil | 200,000 barrels per day (~1.0×107 t/a) |
| Current production of gas | 650×106 cu ft/d (18×106 m3/d) |
| Estimated gas in place | 1,371×109 m3 (48.4×1012 cu ft) |
| Producing formations | Carboniferous Permian Devonian |
Karachaganak Field (Kazakh: Қарашығанақ мұнай-газ конденсат кен орны, romanized: Qarashyǵanaq munaı-gaz kondensat ken orny) is a gas condensate field about 23 kilometres (14 mi) east of Aksay (Ақсай) in northwest Kazakhstan. It was once a massive Permian and Carboniferous reef complex covering an area 30 by 15 square kilometres (11.6 by 5.8 sq mi). At its largest point, the reservoir contains a gas column 1,450 metres (4,760 ft) deep with a 200 metres (660 ft) deep oil rim below it. It is estimated to contain 1.2 trillion cubic metres (42 trillion cubic feet) of gas and one billion tonnes of liquid condensate and crude oil. Discovered in 1979, it began production under Karachaganakgazprom, a subsidiary of Gazprom. In 1992, AGIP (now Eni) and British Gas were awarded sole negotiating rights, forming a partnership company. In 1997, Texaco (now Chevron Corporation) and Lukoil signed a 40-year production sharing agreement with the original two companies and the Kazakhstan government to develop the field for world markets. The agreement was turned under a partnership company known as Karachaganak Petroleum Operating (KPO) where Royal Dutch Shell and ENI are joint operators with a 29.25% stake each in the company, and with Chevron and Lukoil owning 18% and 13.5% respectively. In September 2009[1] the KPO filed an arbitration case against Kazakhstan.[2] The Republic of Kazakhstan appointed Maksat Idenov to lead the negotiations,[3] after which the arbitration was suspended[4] towards an amicable settlement of the dispute[5] and KazMunayGas engaged in entrance into the project in 2010.[6] Under the terms of an agreement reached on December 14, 2011, the Republic of Kazakhstan has acquired through KazMunayGas a 10% stake for $2 billion cash and $1 billion non-cash consideration.[7][8]
- ^ "BG seeks over $1 billion from Kazakhstan in duty dispute". reuters.com. Retrieved August 3, 2019.
- ^ "2012 Investment Climate Statement - Kazakhstan". US Department of State. Retrieved June 7, 2014.
- ^ "Транспарентность – главное условие работы для инвесторов в казахстанской "нефтянке"". zakon.kz. Archived from the original on December 1, 2017. Retrieved November 25, 2017.
- ^ "BG приостановила арбитражный процесс в отношении Казахстана по иску о возврате экспортной пошлины". meta.kz. Archived from the original on October 10, 2014. Retrieved June 7, 2014.
- ^ "KMG: Situation around Karachaganak is solvable through talks". Trend News Agency. 12 March 2010. Retrieved August 31, 2018.
- ^ "BG подала иск на Казахстан от всех участников Карачаганакского проекта". Диапазон. Retrieved June 15, 2019.
- ^ "Agreement Between Kazakhstan and KPO Becomes Effective". The Gazette of Central Asia. 28 June 2012. Retrieved 28 June 2012.
- ^ "Karachaganak field agreement takes effect". Oil & Gas Journal. PennWell Corporation. 2012-06-28. Retrieved 2012-06-29.