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Italian Eni increases oil & gas production in Kazakhstan

18 February 2019 , 13:00Neftegaz.RU411

Astana, February 18 - Neftegaz.RU. Italian Eni increased its oil and natural gas production in Kazakhstan by 8.3 % in 2018 compared to 2017, Trend reports with reference to the company’s data.

 

Eni’s oil & gas production in Kazakhstan in the 4th quarter of 2018 amounted to 162 kilobarrels of oil equivalent per day (kboe/d) compared to 130 kboe/d in the same period of 2017. The company’s liquids production in the country totaled 110 kilobarrels per day (kbbl/d) in the period compared to 83 kbbl/d in the 4th quarter of the previous year.

 

As for the gas production, in the 4th quarter of 2018 it made up 287 million cubic feet per day (mmcf/d) compared to 256 mmcf/d in the same period of 2017. In 2018, in general, Eni was producing an average of 143 kboe/d of oil and gas compared to 132 kboe/d a year earlier.

 

Liquids production in 2018 amounted to 94 kbbl/d compared to 83 kbbl/d in 2017. Eni’s gas production last year made up 265 mmcf/d compared to 264 mmcf/d in the previous year.

 

Eni operates 2 oil and gas fields in Kazakhstan – Kashagan and Karachaganak. The company holds a 16.81 % share in the North Caspian Sea Production Sharing Agreement, which sets terms and conditions for the exploration and development of the giant Kashagan field.

 

Eni’s interest in Karachaganak is 29.25 %. Operations are conducted by the Karachaganak Petroleum Operating Consortium.

 

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