Zhagabulak East is a producing conventional oil field located onshore Kazakhstan and is operated by Aral Petroleum Capital. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Zhagabulak East (Vostochno-Zhagabulak) (Block XXII-23-D (P)). Buy the profile here.
Field participation details
The field is owned by Asia Sixth Energy Resources and othres.
Production from Zhagabulak East
The Zhagabulak East conventional oil field recovered 67.00% of its total recoverable reserves, with peak production in 2007. The peak production was approximately 0.94 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2052.
Remaining recoverable reserves
The field is expected to recover 1.33 Mmboe, comprised of 1.24 Mmbbl of crude oil & condensate and 0.55 bcf of natural gas reserves.
About Aral Petroleum Capital
Aral Petroleum Capital (Aral) is a Kazakhstan based organisation. It is independent energy company. The company is engaged in exploration and development of and oil and gas properties. It operates its projects in the Aktobe region of Kazakhstan. Aral operates in various projects in the Zhagabulak Area of the North Block in Kazakhstan. Aral Petroleum Capital is a joint venture between Caspian Energy Inc and Azden Management Ltd. Caspian Energy Inc acquired 50% stake in Aral Petroleum Capital. The company acquired Dynamica Investments Inc, an investment company. In June 2011, the company launched a three-rig drilling campaign on leases in Kazakhstan's North Block. Aral is headquartered at Almaty, Kazakhstan.
In September 2013, Pacific Energy Development, entered into an agreement to acquire approximate 34% indirect interest in the company.
For more details on the Zhagabulak East Conventional Oil Field, buy the profile here.
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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.
