Karazhanbas is a producing heavy oil field located onshore Kazakhstan and is operated by Karazhanbasmunay. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Karazhanbas. Buy the profile here.

Field participation details

The field is owned by CITIC Group and National Company KazMunayGas.

Production from Karazhanbas

The Karazhanbas heavy oil field recovered 55.61% of its total recoverable reserves, with peak production expected in 2024. The peak production will approximately 47.04 thousand bpd of crude oil and condensate and 7.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2065. The field currently accounts for approximately 2% of the country’s daily output.

Remaining recoverable reserves

The field is expected to recover 258.32 Mmboe, comprised of 251.92 Mmbbl of crude oil & condensate and 38.37 bcf of natural gas reserves. Karazhanbas heavy oil field reserves accounts 0.60% of total remaining reserves of producing heavy oil fields globally.

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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.