Kazakhstan and Hungary plan to triple gas extraction at Rozhkov field

Kazakhstan’s KazMunayGas (KMG) and Hungary’s MOL Group are set to triple gas production at the large Rozhkov gas and condensate field in the Western Kazakhstan region, KMG’s press service reported.

Over the first 10 months of 2024, 222 million cubic meters of gas and 166,000 tons of gas condensate have been produced at the field. The companies are currently working to accelerate the project’s development, aiming to boost annual gas and condensate production to 700 million cubic meters and 400,000 tons, respectively.

The two sides have discussed the project during KMG CEO Askhat Khassenov’s visit to Budapest. The meeting participants emphasized the importance of their strategic partnership in oil and gas exploration and stressed the need to improve the efficiency of field development in its later stages.

The Rozhkov field was established in 2008 and commenced commercial operations in late 2023. The planned goal is to extract 14.2 billion cubic meters of crude gas and 7.1 million tons of gas condensate by 2040. The mineral license at the site is held by Ural Oil and Gas, a joint venture of KazMunayGas (50%), Hungary’s MOL Group (27.5%) and China’s Sinopec (22.5%). The extracted raw material is processed by Zhaiykmunai, a subsidiary of the British company Nostrum Oil & Gas, with subsequent supply to the domestic market.

Earlier delays in equipment delivery forced Ural Oil & Gas to postpone the construction and commissioning of some field development facilities until 2025. Thus, the field and other necessary facilities for gas extraction and transportation are set to be completed in November and December. Plans for 2025 include asphalting roads and finalizing work on the booster station.