Large gas field production commences in Kazakhstan

Large gas field production commences in Kazakhstan

Kazakhstan has begun the production of natural gas and condensate at the Rozhkovskoye field. One of the major deposits has been put into industrial operation in the western part of the country. Kazakh Prime Minister Alikhan Smailov participated in the launch of the facility via a teleconference. With the development of the field, the state fund is expected to be replenished by more than half a trillion tenge. The local budget will increase by 110 billion tenge. Additionally, no less than three billion tenge is planned to be allocated for the region’s socio-economic development. As part of contractual obligations, one percent of the investment amount will be annually earmarked for the training of domestic personnel.

“This project holds strategic importance and is aimed at fulfilling Kazakh President Kassym-Jomart Tokayev’s instruction to attract investments in the exploration and development of new gas fields. Overall, more than $530 million of investments have been attracted to the Rozhkovskoye field, which will become a source of additional natural gas volumes. By 2040, there are plans to extract more than 14 billion cubic meters of raw gas and over seven million tonnes of gas condensate at the deposit. The raw material extracted here will be processed at the facilities of the Zhaikmunai company, leading to the production of 13 billion cubic meters of commercial gas and 2.3 million tonnes of liquefied gas,” Smailov said.

“I am confident that the further implementation of this and perhaps other potential projects will also enable the accumulation of investments and the realization of economically efficient initiatives. This will contribute to Kazakhstan’s economic development. There is much work to be done, in particular, the initiation of the remaining four wells next year. Furthermore, we are set to explore the subsoil’s potential. Therefore, the subsequent stages of the development of the Rozhkovskoye field may involve additional investments, as there is the capacity for increasing both gas and gas condensate production volumes,” noted Evgeniy Lapshin, managing director Russia and Kazakhstan at MOL Group.

A few more gas projects are slated to be launched in the Aktobe, Atyrau, and Mangystau regions. According to calculations, they are expected to contribute to the production increase by over two billion cubic meters per year. Additionally, 12 promising geological exploration projects are being developed jointly with international companies, and exploration of existing fields is underway. Kazakhstan is also set to build gas processing plants at the Kashagan and Karachaganak fields, as well as in Zhanaozen. Overall, the Head of State has set the goal of increasing the production of commercial gas to 30 billion cubic meters by 2030.