Buzachi North (Severo-Buzachi) is a producing heavy oil field located onshore Kazakhstan and is operated by Buzachi Operating. The field is located in block Buzachi North (Severo-Buzachi).
Field participation details
The field is owned by China Petrochemical and China National Petroleum.
Production from Buzachi North (Severo-Buzachi)
The Buzachi North (Severo-Buzachi) heavy oil field recovered 80.68% of its total recoverable reserves, with peak production in 2012. The peak production was approximately 40.06 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 2045. The field currently accounts for approximately 1% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 50.08 Mmboe, comprised of 50.08 Mmbbl of crude oil & condensate. Buzachi North (Severo-Buzachi) heavy oil field reserves accounts 0.11% of total remaining reserves of producing heavy oil fields globally.
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.