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December 7, 2021updated 27 Apr 2022 12:21pm

Zhetybai Group Conventional Oil Field, Kazakhstan

By Carmen

Zhetybai Group is a producing conventional oil field located onshore Kazakhstan and is operated by Mangistaumunaigaz AO. The field is located in block Zhetybay, Zhetybay South (Yuzhno-Zhetybay) (69), Atambay-Sartyube, Pridorozhnoye, Akkar North (Severo-Akkar), Karagiye North (Severno-Karagiye), Asar, Ashchiagar, Burmasha, Alatyube, Bekturly, Oymasha, Ayrantakyr, and Zhetybay East (Vostochno-Zhetybay).

Field participation details

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


Production from Zhetybai Group

The Zhetybai Group conventional oil field recovered 62.65% of its total recoverable reserves, with peak production in 2019. The peak production was approximately 49.64 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2061. The field currently accounts for approximately 2% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 152.76 Mmboe, comprised of 152.76 Mmbbl of crude oil & condensate. Zhetybai Group conventional oil field reserves accounts 0.03% of total remaining reserves of producing conventional oil fields globally.


About Mangistaumunaigaz AO

Mangistaumunaigaz AO (MMG) is an upstream oil and gas exploration and production company. The company operates oil fields in Mangistau Region in western Kazakhstan. It exploration sites includes Kalamkas and Zhetybai oilfields. It uses new exploration technologies such as progressive cavity pumps and hydro fracturing, among others. Mangistaumunaigaz also involves in infrastructure development of Mangistau region. The company also has also built a fiberglass pipe factory. It distributes products throuh a network of distributors in Kazakhstan. MMG is headquartered in Aktau, Kazakhstan.

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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