According to Energy Minister Almasadam Satkaliyev, as of January 1, 2024, Karachaganak (one of Kazakhstan’s three biggest oil and gas fields) had 253 million tons of recoverable oil and condensate reserves.
«As of January 1, 2024, there were 253.2 million tons of oil and condensate and 791.7 billion cubic meters of gas,» he said during a cabinet meeting.
He also said several investment projects are expected to be implemented by 2028. Once this work is done, Karachaganak’s annual output will increase to 11 million tons.
In 2023, Karachaganak Petroleum Operating B.V. (KPO) reported an output of about...