Akshabulak is a producing conventional oil field located onshore Kazakhstan and is operated by JV Kazgermunai. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, 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). Buy the profile here.

Field participation details

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

Production from Akshabulak

The Akshabulak conventional oil field recovered 83.60% 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 46.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2048. The field currently accounts for approximately 1% of the country’s daily output.

Remaining recoverable reserves

The field is expected to recover 77.42 Mmboe, comprised of 72.59 Mmbbl of crude oil & condensate and 29.03 bcf of natural gas reserves. Akshabulak conventional oil field reserves accounts 0.02% 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.

For more details on the Akshabulak Conventional Oil Field, buy the profile here.


GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.

This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.