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November 26, 2021

Akshabulak Conventional Oil Field, Kazakhstan

By Carmen

Akshabulak is a producing conventional oil field located onshore Kazakhstan and is operated by JV Kazgermunai. The field is located in block Akshabulak, Akshabulak Central (Tsentralno-Akshabulak) (Blocks XXIX-39-D, XXIX-39-E, XXX-39-A, and XXX-39-E).

Field participation details

The field is owned by China National Petroleum and National Company KazMunayGas.


Production from Akshabulak

The Akshabulak conventional oil field recovered 93.40% of its total recoverable reserves, with peak production in 2008. The peak production was approximately 60.27 thousand bpd of crude oil and condensate and 46 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2028. The field currently accounts for approximately 1% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 26.43 Mmboe, comprised of 21.31 Mmbbl of crude oil & condensate and 30.73 bcf of natural gas reserves. Akshabulak conventional oil field reserves accounts 0.01% of total remaining reserves of producing conventional oil fields globally.


About JV Kazgermunai

JV Kazgermunai (Kazgermunai) is an oil and gas company that offers production services. The company explores, develops and produces hydrocarbons in South Turgai basin. It has a license for development, exploration and production in three oil fields in Akshabulak, Nuraly and Aksai. The company works through JSC PetroKazakhstan Kumkol Resources in Kyzylorda gasification project that undertakes the construction of a gas treatment plant in Akshabulak oilfield. The company’s project also includes the construction of the main gas pipeline between Akshabulak and Kyzylorda. Kazgermunai is headquartered in Kyzylorda, 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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