Related Articles
Forward article link
Share PDF with colleagues

Kazakhstan's credibility (almost) restored

After repeated mishaps, Kashagan's restart could do wonders for the local energy industry's image

The relaunch of Kashagan, the second-largest field in the world with recoverable reserves estimated at 11bn barrels, should help restore some credibility to Kazakhstan's battered oil and gas sector. Oil from the field is flowing again - it even restarted before a 23 October deadline - three years after production was suspended because of technical problems with the pipelines. Output reached 90,000 barrels a day on 12 October, more than the volume it needs to produce to stay in the black. The central Asian state, which holds the world's eleventh largest oil reserves, has been whipsawed this year by low oil prices, violent insurgencies and an alleged coup attempt. But investors are returning

Also in this section
Latest licensing rounds
24 April 2017
The industry's most comprehensive list of current and recent rounds for onshore and offshore licenses
Finding the sweet spot: Canadian conventional oil
19 April 2017
The oil sands get most of the attention and investment, but there is life in the country's oil sector beyond bitumen
Pioneer's startling Permian output-growth plans
29 March 2017
Pioneer Natural Resources' growth plans will transform the company and points to a long bull run for Texas's prolific shale play