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November 24, 2021

Buzachi North (Severo-Buzachi) Heavy Oil Field, Kazakhstan

By Carmen

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 National Petroleum and China Petrochemical.


Production from Buzachi North (Severo-Buzachi)

The Buzachi North (Severo-Buzachi) heavy oil field recovered 77.98% 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 2044. The field currently accounts for approximately 1% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 56.97 Mmboe, comprised of 56.97 Mmbbl of crude oil & condensate. Buzachi North (Severo-Buzachi) heavy oil field reserves accounts 0.12% 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.

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