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  1. Market Data
April 28, 2022

Klymene Conventional Oil Field, Kazakhstan

By Carmen

Klymene is a conventional oil development located onshore Kazakhstan and is operated by Tethys Petroleum. Discovered in 2020, Klymene lies in block Blocks XXVII-24-A-P,B-P,D-P ,E-P,F-P, 25-D-P, XXVIII-23-B-P,C,D-P,E-P,F, 24, 25-A-P,B-P,C-P,D,E-P,F-P, XXIX-23-A,B-P,C-P,D,E-P,F-P, 24-A-P,B-P,C-P,E-P,F-P, 25-A-P,B-P,C-P,D-P,E-P,F, and XXX-24-A-P,B-P,C-P,D-P,E-P,F-P, 25-A-P,B-P,C-P,D-P,E.

The project is currently in commissioning stage and is expected to start commercial production in 2022.

Field participation details

The field is owned by Tethys Petroleum.


Production from Klymene

Production from the Klymene conventional oil development project is expected to begin in 2022 and is forecast to peak in 2022, to approximately 2,180 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2070.


Remaining recoverable reserves

The field is expected to recover 10.55 Mmboe, comprised of 10.55 Mmbbl of crude oil & condensate.


About Tethys Petroleum

Tethys Petroleum Ltd (Tethys) is an independent oil and gas exploration and production company. It focuses on projects in Central Asia and the Caspian Region. The company has a portfolio of assets, including existing oil and gas production, frontier high impact exploration and unconventional resources in Kazakhstan, Tajikistan, and Georgia. In Kazakhstan, it has producing oil and gas fields and exploration blocks in the North Ustyurt basin to the west of the Aral Sea. The company operates through wholly owned subsidiaries such as TethysAralGas LLP and Kul-Bas LLP. In Georgia, the company has non-operated interests in Blocks XIm and XIn in the Kura Basin. Tethys is headquartered in George Town, Cayman Islands, the UK.

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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