top of page
Search

North Buzachi Oil and Gas Field Development

Updated: Apr 8

Project Name: North Buzachi Oil and Gas Field Development

Project Description:The North Buzachi Oil and Gas Field, located on the northwestern tip of the Buzachi Peninsula in Kazakhstan's Mangystau region, is an onshore heavy oil field discovered in 1975. It commenced production in 1999, overcoming technical challenges associated with its high-viscosity crude oil through advanced extraction methods.

Current Status:Operational

Start Date:1999

End Date:2054 (Projected economic limit)

Investment Volume (in thousands USD):Not specified

Location:Mangystau Region, Kazakhstan

Investor / Customer: China National Petroleum Corporation (CNPC) – 50%China Petrochemical Corporation (Sinopec) – 50%

Company Details:

  • Director: Aitszyun Chzhu

  • Name: Buzachi Operating Ltd.:

    • Address: Zdanie 82, mkr. 3, Aktau, Kazakhstan

    • Phone: +7 7292 510590

    • +7 (729) 251-05-90  

    • +7 (729) 252-80-14  

    • +7 (777) 599-60-19  

    • +7 (701) 566-02-88  

    • +7 (729) 252-81-18  

Email:

Engineering Contractor: Caspian Engineering & Research LLP

Other Important Details:

  • Production: The field reached peak production in 2012 and currently accounts for approximately 1% of Kazakhstan's daily oil output.

  • Reserves: As of 2021, the field has remaining recoverable reserves of approximately 50.08 million barrels of crude oil and condensate.

  • Development Challenges: The high viscosity of the oil necessitates enhanced recovery techniques, such as horizontal drilling and steam injection, to improve extraction efficiency.

Comentarios

bottom of page