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December 3, 2021

South Oil Project Conventional Oil Field, Kazakhstan

By Carmen

South Oil Project is a producing conventional oil field located onshore Kazakhstan and is operated by South Oil. The field is located in block Karabulak South-West (Yuzhno-Zapadno-Karabulak) (Block XXVIII-37-B (P)), Akshabulak East (Vostochno-Akshabulak) (Block XXIX-39-E (P)), Kenlyk (Blocks XXVIII-37-B (P), E (P), F (P)), and Blocks XXVIII-37-A, B, D (P), E (P), F (P).

Field participation details

The field is owned by South Oil.


Production from South Oil Project

The South Oil Project conventional oil field recovered 57.07% of its total recoverable reserves, with peak production in 2014. The peak production was approximately 19.07 thousand bpd of crude oil and condensate and 6 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2055.


Remaining recoverable reserves

The field is expected to recover 48.79 Mmboe, comprised of 44.8 Mmbbl of crude oil & condensate and 23.92 bcf of natural gas reserves. South Oil Project conventional oil field reserves accounts 0.01% of total remaining reserves of producing conventional oil fields globally.


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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