Karazhanbas is a producing heavy oil field located onshore Kazakhstan and is operated by Karazhanbasmunay. The field is located in block Karazhanbas.
Field participation details
The field is owned by CITIC Group and National Company KazMunayGas.
Production from Karazhanbas
The Karazhanbas heavy oil field recovered 70.60% of its total recoverable reserves, with peak production in 2019. The peak production was approximately 43.43 thousand bpd of crude oil and condensate and 5 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2046. The field currently accounts for approximately 2% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 121.31 Mmboe, comprised of 114.92 Mmbbl of crude oil & condensate and 38.36 bcf of natural gas reserves. Karazhanbas heavy oil field reserves accounts 0.27% of total remaining reserves of producing heavy oil fields globally.
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.