The Karachaganak field, discovered in 1979, is one of the largest gas condensate fields in the world. It is located in northwestern Kazakhstan and covers an area of over 280 square kilometers. Its estimated initial hydrocarbon reserves amount to 9 billion barrels of condensate and 48 trillion cubic feet of gas, while total estimated reserves exceed 2.4 billion barrels of condensate and 16 trillion cubic feet of gas.
The successful operation of the Karachaganak venture depends on the professional knowledge and extensive production experience of specialists from five oil and gas producing companies: Eni (29.25%), Royal Dutch Shell plc (29.25%), Chevron (18%), LUKOIL (13.5%), and KazMunayGas (10%). The Karachaganak partners share their knowledge and experience with the Republic of Kazakhstan, striving to leverage both internal and external opportunities to maximize the development of the field's resources.
In 1997, the joint venture partners and the Authority representing the Government of the Republic of Kazakhstan established a company for the purpose of developing the Karachaganak field. A Final Production Sharing Agreement (FPSA) was signed, defining the terms of the joint development of Karachaganak until 2038. Since the signing of this agreement, more than $27 billion has been invested in the field's development. Karachaganak, one of the most technically complex fields in the world, utilized the most advanced hydrocarbon production technology.
In 2020, hydrocarbon production at the Karachaganak field reached 143.9 million barrels of oil equivalent. Gas reinjection to maintain reservoir pressure amounted to 10.4 billion cubic meters, approximately 51.3% of the total gas produced.
As a socially responsible company, KPO strives to ensure the efficient use of Karachaganak's potential throughout its operations in order to achieve maximum socioeconomic benefits for the local population and the Republic of Kazakhstan as a whole."
The successful operation of the Karachaganak venture depends on the professional knowledge and extensive production experience of specialists from five oil and gas producing companies: Eni (29.25%), Royal Dutch Shell plc (29.25%), Chevron (18%), LUKOIL (13.5%), and KazMunayGas (10%). The Karachaganak partners share their knowledge and experience with the Republic of Kazakhstan, striving to leverage both internal and external opportunities to maximize the development of the field's resources.
In 1997, the joint venture partners and the Authority representing the Government of the Republic of Kazakhstan established a company for the purpose of developing the Karachaganak field. A Final Production Sharing Agreement (FPSA) was signed, defining the terms of the joint development of Karachaganak until 2038. Since the signing of this agreement, more than $27 billion has been invested in the field's development. Karachaganak, one of the most technically complex fields in the world, utilized the most advanced hydrocarbon production technology.
In 2020, hydrocarbon production at the Karachaganak field reached 143.9 million barrels of oil equivalent. Gas reinjection to maintain reservoir pressure amounted to 10.4 billion cubic meters, approximately 51.3% of the total gas produced.
As a socially responsible company, KPO strives to ensure the efficient use of Karachaganak's potential throughout its operations in order to achieve maximum socioeconomic benefits for the local population and the Republic of Kazakhstan as a whole."