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November 30, 2021

Airankol Conventional Oil Field, Kazakhstan

By Carmen

Airankol is a producing conventional oil field located onshore Kazakhstan and is operated by Caspi Neft. The field is located in block Ayrankol (Blocks XXVII-14-C (P) and XXVII-15-A (P)).

Field participation details

The field is owned by Joint Resources.


Production from Airankol

The Airankol conventional oil field recovered 32.58% of its total recoverable reserves, with peak production expected in 2022. The peak production will approximately 20.85 thousand bpd of crude oil and condensate and 2 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2079. The field currently accounts for approximately 1% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 117.1 Mmboe, comprised of 116.15 Mmbbl of crude oil & condensate and 5.74 bcf of natural gas reserves. Airankol conventional oil field reserves accounts 0.02% of total remaining reserves of producing conventional oil fields globally.


About Caspi Neft

Caspi Neft JSC (Caspi Neft) focuses on production and sales of hydrocarbons. Caspi Neft is headquartered in Atyrau, Kazakhstan.

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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